Enrique Lores

Although the offer matched PayPal's current market value, it was significantly lower than its twenty-twenty-one peak of three hundred and sixty billion dollars, leading the board to previously reject it as inadequate.

The company continues to focus on a turnaround plan under CEO Enrique Lores to combat declining market share and increased competition from Apple and Google.

[paper flips] Meta is actively testing robots from various vendors, including Watney Robotics, Canova, and ABB, to automate repetitive data center tasks such as cabling, power cycling, and inventory tracking.

This initiative aims to reduce long-term labor costs and manage rapidly expanding infrastructure, though it faces technological challenges such as battery life, operational speed, and an inability to process visual cues, as well as concerns from employees regarding job displacement.

The former CEO, Alex Crist, left.

Enrique Lores, formerly CEO of HP, like HP has anything to do with a payment company, that he took the chair, cut costs, and split the company into three business lines and said PayPal would move faster on AI.

On last month's earning call, he said he was focused on the turnaround and would evaluate all opportunities to, quote unquote, "maximize shareholder value," meaning we're gonna sell it for parts.

Of course, Stripe is private, so essentially this would be taking Pay- PayPal private.

So that we, we believe could generate an additional, on the low end over the next three years, two billion dollars of free cash flow that's not even priced in into the stock.

Then if you look at Enrique Lores, chairman and CEO's comp structure, he gets the fullest maximum amount of his payout if and when the stock is above a hundred and twenty dollars, which is very, very conservative if they continue to run the turnaround plan with margins expanding the way that they are, the ad business not even off the ground and itemized.

Uh, and, uh, and the total payment volume growing ten percent and revenues year on year growing five percent.

Uh, and a lot of outs and a Venmo business that's growing fast that you could extract value and get a, a double multiple on top of it.

You don't wanna hire the arsonist to put out the fire.

You know, obviously if a stock's down eighty percent, uh, it's a shit show, and, uh, probably the guy at the front desk, uh, had something to do with it.

So you wanna see are they getting a new CEO and does that person have a track record and history of turning things around, like in the case of Enrique Lores with HP, uh, four-bagger there.

So yes.