Enrique Lores will be the new chief executive officer of PayPal Holdings Inc., and David Dorman is the tech firm's new independent board chairman.

PayPal just saw a major slowdown on a metric closely watched by investors. Soon, HP veteran Enrique Lores will be tasked with turning the company around.

PayPal is replacing CEO Alex Chriss with Enrique Lores, saying that the pace of change and execution at the company has not met board expectations over the past two years.

Markets may have given PayPal's new CEO a cold reception, but the underlying math says the payment giant is sitting on a fortune.

PayPal announced a new CEO Tuesday, as the company missed fourth-quarter earnings estimates, and said it expects profits to decline. The stock sank to its lowest point in nearly a decade.

PayPal Holdings (NASDAQ:PYPL) just did something nearly unheard of in Silicon Valley: it poached a sitting CEO from another public company. Enrique Lores, who led HP Inc (NYSE:HPQ) through six consecutive quarters of revenue growth,

With no single headline event driving attention, PayPal Holdings (PYPL) is back in focus as investors reassess the payment platform’s recent share performance alongside its scale, profitability, and current valuation signals.

PayPal (NASDAQ:PYPL) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations. Adjusted earnings came in at $1.23 per share, below the $1.