PayPal's shares were up nearly 2.3%, at $62.93, after the news.
Chriss will be taking the helm at a time when the company has been exploring several avenues to pursue growth. Last week, it launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. Cost-cutting measures have also come under investors' scrutiny, as PayPal battens down the hatches to prepare for a potential slowdown.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: