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PayPal CEO Enrique Lores plans to operate independently and reform the company, Wall Street reacts with indifference.
PayPal's new CEO, Enrique Lores, is reportedly developing a plan for the company to operate independently, rather than pursuing a sale (following previous acquisition offers exceeding $50 billion). Lores, who has been in the role for over six months, aims to revitalize underperforming businesses, launch new features, and cut billions in costs, but Wall Street's reaction has been subdued.
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