PayPal Reorganizes into Three Units — Venmo Gets Standalone Division as Acquisition Rumors Swirl

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New CEO Enrique Lores (former HP CEO) split PayPal into three business units: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. The Venmo unit is being positioned as a standalone asset with ~100M users — analysts call it PayPal's most valuable property and a key acquisition target. A new AI transformation group was also created, led by former Walmart tech exec Anshu Bhardwaj.