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07.05.26 - 22:24
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AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms (ZeroHedge)
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AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg.
Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.”
Bloomberg writes that the trend gained momentum after Block, Inc. — the parent company of Square, Inc. and Cash App — announced major cuts earlier this year and pointed to AI as part of a broader restructuring effort. Since then, more firms have adopted similar language, pitching layoffs as preparation for an AI-powered future.
Critics aren't fully convinced. Many of these companies are also facing more immediate business pressures: crypto trading activity has cooled, digital asset prices remain b...
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07.05.26 - 17:00
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Macquarie Downgrades PayPal as Cost-Saving Plan Looks Too Back-End Loaded (24/7 Wall St.)
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PayPal (NASDAQ:PYPL) stock picked up a fresh analyst downgrade this morning, with Macquarie analyst Paul Golding cutting PYPL to Neutral from Outperform and lowering his price target to $50 from $58, citing a soft Q2 2026 outlook and a cost-saving plan that's heavily back-end loaded. The takeaway for prudent investors: even with a Q1 2026 ... Macquarie Downgrades PayPal as Cost-Saving Plan Looks Too Back-End Loaded...
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07.05.26 - 14:24
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Here Are Thursday′s Top Wall Street Analyst Research Calls: Alcoa, Chiron Real Estate, Clear Secure, Fortinet, Fresh Pet, Kennametal, Oracle, PayPal, United Therapeutics, and More (24/7 Wall St.)
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Pre-Market Stock Futures: Futures are trading modestly higher after a blowout midweek rally spurred by reports that a peace agreement with Iran could be forthcoming soon and by incredible technology earnings and forecasts that destroyed Wall Street estimates. All of the major indices were once again printing new highs as investors cheered the potential for ... Here Are Thursday's Top Wall Street Analyst Research Calls: Alcoa, Chiron Real Estate, Clear Secure, Fortinet, Fresh Pet, Kennametal, Oracle, PayPal, United Therapeutics, and More...
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06.05.26 - 20:09
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PayPal′s Turnaround Trouble? Analyst Says Investors Are Losing Patience (Benzinga)
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Bank of America lowers PayPal price forecast. Analyst Matthew O'Neill cites weak guidance and "modest" growth as investor patience wears thin.
Latest Ratings for PYPL
DateFirmActionFromTo Mar 2022B of A SecuritiesDowngradesBuyNeutral Feb 2022MizuhoMaintainsBuy Feb 2022BarclaysMaintainsOverweight
View More Analyst Ratings for PYPL
View the Latest Analyst Ratings
Importance Rank:
1
read more...
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06.05.26 - 17:36
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PYPY Has Already Lost 50% Because Its Design Captures Losses But Caps Gains (24/7 Wall St.)
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YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) is built for one thing: turning PayPal's volatility into monthly cash. The fund holds Treasury bills as collateral, builds synthetic long exposure to PayPal (NASDAQ:PYPL) through options, and writes calls against that exposure to harvest premium. Investors show up for the headline yield. They stay, in theory, because ... PYPY Has Already Lost 50% Because Its Design Captures Losses But Caps Gains...
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06.05.26 - 17:06
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How PayPal Survived When They Knew the Exact Hour Their $200 Million Would Hit Zero (24/7 Wall St.)
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On John Hope Bryant's Money And Wealth podcast, in an episode titled “AI Is the Tsunami: Reid Hoffman on Jobs, Wealth & the Future of Work,” Reid Hoffman described the night PayPal almost died. “We could tell you the hour that the $200+ million of capital that we invested would all go to zero.” The ... How PayPal Survived When They Knew the Exact Hour Their $200 Million Would Hit Zero...
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