What the actual f-k is going on with the stock price in this company? This absolute failure of a management team has driven the market cap down to $38B. That is absolutely insane at how poorly it’s performing. Is management really this d-mb? At this point it seems like they just want it to go lower and lower. I couldn’t imagine working for this company and just watching the value constantly decrease. Your work is just meaningless at this point.
16 replies (most recent on top)
@qp do you have paypal shares in a ROTH or something?
Well consider it a blessing. This place is demoralizing and will su-k your soul. And I agree with everything on stock price. My retirement account is less and less each day and my RSU’s become more and more worthless.
@mf I am not an employee of paypal but have held shares for years, and a lot of them. However I have worked at similarly sized companies and know the middle management bloat that comes with it. People scheduling meetings with each other to appear busy. And when layoffs come, it is often the good people who get culled. Part of life in corporate America with 20k+ employees. The entire board failed the employees and shareholders. Nice of them to vote in one of their own. Also, why don't they realize the world hates the CFO/COO?
@mf that might be, however, they all seem to be valid points and the same concerns I have. Nobody on my team is a fan of Enrique.
I feel like a majority of the comments on this platform are from the people of PYPL reddit or people who don't even work at PayPal and other trolls. I bet the replies are the same person too. They should really verify email addresses or something.
$36B in market cap and shrinking everyday while management just does nothing. Unfortunately there is one scoreboard and that’s the share price. The management team at PayPal has been losing daily for 5 years. I don’t even want to see the share price because it’s literally down everyday. I thought I counted 17 of the last 20 trading days have been down. Enrique is already a failure in first 3 months. I also noticed Hewlett Packard shot up in share price pretty much the day he left. Wild.
Our company is pretty much incapable of increasing in value until management actually does something. Why announce layoffs only to take months to execute? You can’t tell me Alex Chriss didn’t have an idea of who to layoff already? You hire an old CEO who sold printers and he comes in with zero ideas or plans? Meanwhile most of us LT employees have been completely wiped in equity. I mean down after working here 10 years!!!!! It’s an absolute disgrace.
@cy if they see a future in this company they should be buying back shares at an aggressive rate for 7 times forward PE. And taking on more debt to aggressively buy any shares under $50. They can essentially take this company private. But they don’t so it signals to Wall Street they think margins will keep shrinking along with transaction volume, competition will keep taking business, and no new innovation is occurring. Essentially this company is a value trap for investors that will just keep dwindling away until obsolescence. Also, the fact not one SLT member has PURCHASED shares this cheap with their own money is very concerning. Signals they have no hope as well for a turnaround. I believe Fiserv execs are at least buying the low expecting a turnaround. Our execs are just collecting checks….big checks for nothing to show for it.
The feeling is and could be wrong or could be right but, The last CEO was given a golden handshake for overseeing the share price drop. Now they installed a new CEO and he is also overseeing a share price drop, it continues. He talks like he knows what he is doing but yet the numbers dont lie. He starts cutting costs but guess what... share price keeps dropping 🫳
I feel sorry for the employees who lose their jobs with severance packages no where near the levels compared to compensation paid out to CEOs overseeing ongoing shareprice free falls.
Stop paying these CEOs ridiculously large sums of money and give the real workers their fair share. As for the leadership, its firefighting at best id say in the office
@a7 clearly lots of people do including yourself
PayPal customers send billions around.
When we mess up, folks lose money and time.
Us working at pp feel the frustration! But even with that, we take our duty seriously.
They need to sh-t drop at least 40% of the workforce. Mainly middle managers and other do-nothing roles.
They are this d-mb. Best case scenario is they are sandbagging to cannabalize the company for insane buybacks. The Paypal employees are good people though and not responsible for the inept board. Employees and shareholders deserved better than this clown show.
Nobody cares about your comments.
@a4 100% agree. Take your investment problems and f**k off. Nobody cares.
Your comment is just meaningless at this point