Posts filtered by tags: Dan Schulman[x]


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends

PayPal completes GoPay acquisition, allowing the payments platform to enter China

PayPal this morning announced it has completed its acquisition of a 70% equity stake in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), making PayPal the first foreign payment platform to provide online payment services in China. The transaction was approved by the People’s Bank of China on September 30 and has now closed. Deal terms have not been disclosed. GoPay has licenses for both online and mobile transactions, and mainly provides payment products for industries including ...
Tags: Finance, China, US, Tech, Paypal, Mobile Payments, American Express, Payments, Mastercard, People s Bank of China, Frost Sullivan, Dan Schulman, Digital Payments, China Visa, Gopay, GoPay Guofubao Information Technology Co

PayPal to buy Honey for $4 bln

PayPal Holdings Inc said Nov. 20 that it agreed to buy Honey Science Corp for about $4 billion. Honey, of Los Angeles, is a technology platform for shopping and rewards. Honey has raised $37.67 million in venture funding, PitchBook said. PRESS RELEASE PayPal to Acquire Honey Advances PayPal’s leadership in digital commerce Enhances PayPal’s value proposition with an extensive set of consumer commerce capabilities Drives increased sales and conversion for PayPal’s merchants SAN JOSE, Calif., Nov....
Tags: Trends, Paypal, M&a, SEC, Financial Services, Venmo, Securities And Exchange Commission, Honey, SAN JOSE Calif, GAAP, PST, PitchBook, Skadden Arps Slate Meagher Flom LLP, PYPL, PayPal Holdings Inc, Dan Schulman

PayPal plans to acquire shopping and deal-hunting platform Honey for $4 billion, its largest acquisition to date.

PayPal announced that it will buy shopping and rewards platform Honey for $4 billion, its largest acquisition to date.  Buying Honey allows PayPal to establish a foothold in a new area of the market.  PayPal's stock price dropped more than 2% in extended trading after the announcement. Visit Business Insider's homepage for more stories. Online payments giant PayPal announced Wednesday that it plans to buy Honey, a company that makes browser add-ons for its customers, for $4 billion. The acqui...
Tags: La, China, Trends, Paypal, GAAP, Dan Schulman, Buying Honey, Hyperwallet IZettle, Simility PayPal

PayPal to acquire shopping and rewards platform Honey for $4B

PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page against credit cards or Apple Pay, for example, PayPal will leap ahead to become a part of the deal discovery process, as well. Currently, ...
Tags: Apple, Amazon, Fundings & Exits, Startups, Mobile, Ecommerce, Pinterest, Shopping, Finance, Tech, Paypal, Tim Cook, Retail, Payments, Acquisition, Xoom

Venmo to launch its first credit card in 2020

Venmo announced today its plans to launch its first-ever credit card. The card is being issued partnership with Synchrony, already the issuer behind Venmo parent company PayPal’s Extras Mastercard and Cashback Mastercard, in an expanded relationship. The move is meant to help Venmo, a still unprofitable arm of PayPal’s larger business, generate more revenue. PayPal’s plans in this space were reported in April of this year by The WSJ, which said the company had been taking meetings with variou...
Tags: Finance, Tech, Paypal, Credit, Payments, Credit Card, WSJ, Venmo, Mastercard, Lowe, Dan Schulman, Synchrony, Varo, PayPal s Extras Mastercard, Cashback Mastercard

PayPal makes a big marketplace play with its $500M investment in Uber

Uber’s announcement of its IPO pricing earlier today came with a $500 million belated Easter egg. The payments giant PayPal is making a half-billion-dollar investment at the company, paying $47 per share, which gives the company a valuation of $78.8 billion (in the middle of the range of Uber’s IPO pricing of $44-$50 per share). Neither Uber nor PayPal gave much detail about the the $500 investment. Uber’s S-1 and a short statement on LinkedIn from PayPal’s CEO Dan Schulman both used the s...
Tags: Amazon, TC, Ecommerce, Uber, Australia, Ebay, Funding, US, Tech, Walmart, Paypal, Alibaba, Argentina, Marketplaces, Latin America, South East Asia

Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1 today where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180M common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in the middle of the $80-90 billion that was projected as late as yesterday. With the greenshoe, shareholders selling shares in the IPO, it could raise...
Tags: TC, Lyft, Uber, Australia, Ebay, Ipo, US, Tech, Paypal, United States, Alibaba, New York Stock Exchange, Latin America, Nyse, EBITDA, DENSO

PayPal is investing $500 million into Uber as part of the ride-hailing firm's $90 billion IPO

Uber has set a price range for its upcoming float of $44 to $50 a share. At the high end, this would peg Uber's valuation at $84 billion based on the shares available after the offering. In its amended SEC filing on Friday, Uber said PayPal was buying $500 million in stock at IPO price. Visit Business Insider's homepage for more stories. PayPal will invest $500 million in Uber, the ride-hailing company revealed in an updated IPO filing on Friday. Uber is preparing to go public on the New York...
Tags: Lyft, Uber, Elon Musk, New York, Ipo, US, Trends, Paypal, Alibaba, SEC, Wall Street Journal, Dan Schulman, Dara Khosrowshahi, PayPal Inc

PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of a $1.8 billion equity offering to grow its business — specifically to expand the functionality of its e-commerce platform; improve its log...
Tags: Amazon, TC, Ecommerce, Marketplace, Finance, India, Softbank, Funding, US, Tech, Paypal, Alibaba, Argentina, Goldman Sachs, Morgan Stanley, Instacart

PayPal revenues miss but growth is strong from new acquisitions

PayPal revenues miss but strong growth from its recent iZettle and Hyperwallet acquisitions and booming business at Venmo point to a strong outlook for the payments giant. In all PayPal saw revenues for the quarter of $4.23 billion against analysts estimates of $4.24 billion, according to data from Yahoo Finance. Earnings per share at the company were up to 69 cents versus analysts’ expectations of 62 cents on a non-GAAP basis. For the full year, PayPal saw revenue hit $15.45 billion versus anal...
Tags: TC, Tech, Paypal, Venmo, GAAP, Dan Schulman, Hyperwallet, Yahoo Finance Earnings

PayPal offering cash advances to federal workers affected by shutdown

As the U.S. government shutdown drags on, a California tech giant is pitching in: PayPal is offering interest-free cash advances of up to $500 to each affected federal employee. The San Jose-based payments company will make up to $25 million in cash advances available to any existing or new PayPal Credit customers, it said in an announcement Friday. “No matter where you stand on the issues, the fact is that 800,000 of our fellow Americans suddenly find themselves without a paycheck,” PayPal CEO ...
Tags: Business, Politics, Technology, News, California, California News, San Francisco, Sport, Paypal, Soccer, San Jose, Wells Fargo, Dan Schulman, Schulman, PayPal Credit, Top Stories LADN

PayPal and American Express expand partnership, will allow use of points for PayPal purchases

PayPal this week announced an expanded relationship with American Express that will allow cardholders to use their Membership Rewards points when shopping from PayPal merchants, as well as more integrated experience within both PayPal and the Amex apps, among other things. The deal is similar to those PayPal earlier struck with Visa and MasterCard., and follows a series of partnerships it has made across the industry, including others with Apple, Google, Samsung, and, most recently, Walmart, ...
Tags: Apple, Finance, Tech, Walmart, Paypal, American Express, Payments, Amex, Venmo, Mastercard, American Express Membership Rewards, Dan Schulman, Apple Google Samsung, American Express Token Service

PayPal beats on earnings, revenue, and guidance (PYPL)

PayPal beat on both the top and bottom lines in the third quarter. The company's Q4 adjusted earnings-per-share guidance topped estimates. Shares were little changed following the results. Watch PayPal trade in real time here. PayPal's third-quarter earnings beat Wall Street estimates on both the top and bottom lines, and the company raised its full-year adjusted earnings-per-share forecast. Shares were little changed in after-hours trading on Thursday.  The digital-payments company earned an...
Tags: Trends, Walmart, Bloomberg, Paypal, American Express, Dan Schulman

Walmart will now allow shoppers to access PayPal cash in stores

Walmart and PayPal this morning announced a partnership that will see the two collaborating on financial services and products, including new PayPal cash in and cash out services at Walmart stores, as well as the ability for PayPal Cash MasterCard customers to access their cash balance in-store at service desks, ATMs and cash registers. The PayPal cash in and cash out money services will cost customers a $3 service fee, the companies say, as will the ability to pull cash out from MasterCard whil...
Tags: Apple, Startups, Samsung, Walmart, Paypal, Mastercard, Dan Schulman, PayPal Cash MasterCard

PayPal Takes Bold Steps With Partnerships, Acquisitions, Mobile Tech

PayPal dominates the online payments industry with 250+ million accounts, and is leveraging its massive scale to boost the economy and provide access to under-served populations with loans of more than $5 billion to 15,000 small businesses since 2013. Today, PayPal moved closer towards our mission of democratizing global financial services with the announcement of 250M+ consumer and merchant active accounts. Read more about this milestone here.
Tags: Google, Europe, Australia, Germany, Advertising, Bank Of America, Paypal, Virgin Group, Richard Branson, Latin America, Venmo, Mastercard, Virgin Mobile, US UK, Dan Schulman, Schulman

PayPal's booming growth is more than just Venmo (PYPL)

PayPal has impressive core growth trends alongside strong Venmo trends, Jefferies analysts said. App downloads from PayPal platforms exceed that of most industry peers.  The company's second-quarter daily average users are twice that of its competitor Square. Watch PayPal trade in real-time here. PayPal's booming growth is more than just Venmo, according to a group of analysts at Jefferies. "We believe PayPal’s mobile initiatives, and more specifically Venmo monetization, reflect a key ...
Tags: Ebay, US, Trends, Paypal, Adyen, Jefferies, Venmo, Xoom, Hecht, Dan Schulman, Paypal Venmo, John Hecht, Venmo PayPal Mobile Xoom, PayPal Mobile

Corner Office: Dan Schulman of PayPal on Guns, Cash and Getting Punched

A New Jersey native whose mother took him to civil rights marches says companies and chief executives “have a moral obligation to try to be a force for good.”
Tags: News, Martial Arts, Paypal, New Jersey, Corner Office, Dan Schulman, Schulman, Computers and the Internet, Daniel H

Millionaires, billionaires, and tech titans are swarming to Sun Valley, Idaho — here's a look at who's attending Allen & Co.'s annual mogul fest

It's that time of year again: the annual Allen & Company Sun Valley Conference, otherwise known as "summer camp for billionaires." The conference, which happens every July, attracts investors, moguls, and titans from industries ranging from tech to entertainment to sports. It's an opportunity for industry power players to talk business,  make deals — the conference is credited with  kindling major mergers  like Comcast and NBC Universal — and unwind in a beautiful mountain lodge.  This year, p...
Tags: Facebook, Mark Zuckerberg, Trends, Paypal, Netflix, Comcast, Tim Cook, Susan Wojcicki, Nbc Universal, Reed Hastings, Allen, Sun Valley, Sun Valley Idaho, Creative Artists Agency, Dan Schulman, Jonathan Nelson

PayPal sells its consumer credit portfolio to Synchrony for $7 billion

In November 2017, PayPal announced it had agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, as a part of an expanded relationship between the two companies. That deal has now closed, with Synchrony actually acquiring $7.6 billion in receivables, including PayPal’s U.S. consumer credit portfolio, totaling $6.8 billion at the close, as well as around $0.8 billion in participation interests held by unaffiliated third parties. PayPal received approximately $6.9 bi...
Tags: Finance, Tech, Paypal, Synchrony Financial, Dan Schulman, PayPal Credit, Synchrony, PayPal Cashback Mastercard, Hyperwallet, PayPal Extras Mastercard

The CEO of PayPal: Managing and moving money shouldn't be a privilege of the affluent

"We really need to step up as companies," CEO Dan Schulman says.
Tags: Paypal, Dan Schulman

PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal

PayPal is taking its biggest bet yet on point-of-sale transactions, small businesses, and markets outside of the US, as it looks to raise its game against Square, Stripe and others in the world of payments: the company has confirmed that it is buying iZettle — the Stockholm-based payments provider commonly referred to as the “Square of Europe” — for $2.2 billion in an all-cash deal. The deal — which is expected to close in Q3 2018 — will see iZettle’s co-founder and CEO Jacob de Geer stay on lea...
Tags: Travel, TC, Europe, UK, Sweden, Ebay, Mexico, Ipo, US, Paypal, Square, Latin America, Xoom, Braintree, Jacob de Geer, Dan Schulman

PayPal CEO to speak at Rutgers University commencement

NEW BRUNSWICK, N.J. (AP) — PayPal Chief Executive Officer Dan Schulman will be the speaker for this year’s graduation ceremony at Rutgers. The university’s Board of Governors approved Schulman’s selection Tuesday. He grew up in Princeton and served on the Rutgers board. His mother also was an associate dean at Rutgers. The graduation ceremony will […]
Tags: News, Paypal, New Brunswick, Princeton, Rutgers, N J AP, Rutgers University, Board of Governors, Dan Schulman, Schulman, Nation & World

PayPal and Synchrony Financial Offer More Small Business Options with Expanded Partnership

When it comes to growing your small business, getting the right credit offering can make all the difference. PayPal (NASDAQ: PYPL) and small business online lending company Synchrony Financial (NYSE: SYF) have announced they are expanding their partnership to offer you just that — more options to get credit. PayPal and Synchrony Are Expanding Their Partnership As part of the expanded partnership, Synchrony Financial will acquire PayPal’s U.S. consumer credit receivables portfolio that’s value...
Tags: Sales, Paypal, Synchrony Financial, PYPL, Synchrony Financial NYSE, Dan Schulman, PayPal Credit, Technology Trends, Synchrony Bank, PayPal Working Capital, Swift Financial, PayPal Online Consumer Financing Program PayPal, Gary Marino

Democratizing Fintech: 5 Questions With PayPal CEO Dan Schulman

Today, digital payments account for USD $3 trillion being moved each year, with that number expected to rise to USD $8 trillion by 2020. Best Global Brand PayPal has been at the forefront of the fintech movement, acquiring money-transfer sensation Venmo in 2013 and continuing to innovate and find new ways to bring people and money together. At Interbrand’s recent 2017 Best Global Brands event in New York, we took some time to speak with PayPal’s President and CEO Dan Schulman. Schulman’s backgr...
Tags: New York, Advertising, Paypal, Sprint, Venmo, Interbrand, Dan Schulman, Best Global Brand PayPal, Dan Schulman Schulman, AT T Priceline Virgin Mobile

Small Business Favorite PayPal Sees 21 Percent Revenue Increase

PayPal’s 2017 third quarter result reports a 21 percent revenue increase to $3.239 billion. Currently, the small business favorite for online payments (NASDAQ:PYPL) has 218 million active users in 200 markets around the world, delivering financial transactions online, on mobile, in an app, or in person. This flexibility is one of the reasons its revenue is growing at double-digit rates. PayPal 2017 Third Quarter Results The 2017 third quarter revealed PayPal had 1.9 billion payment transactio...
Tags: Ebay, Sales, Economy, Paypal, Xoom, PYPL, Dan Schulman, Braintree Venmo, Small Business Favorite PayPal

Ben Lerer spent his 20s building an email startup for 'civilized bros' — here's how he turned that into a $580 million media company

Ben Lerer founded Thrillist and is now the CEO of Group Nine, a digital holding company for four brands: The Dodo, Seeker, Thrillist and NowThis. Lerer comes from a family of founders. He works closely with his father, Ken, who cofounded the The Huffington Post, and his sister, Izzie, who founded animal brand The Dodo. But he has some words for people who accuse him of only being successful because he has successful parents. Discovery recently invested $100 million in Group Nine; the company's...
Tags: Apple, Google, Facebook, New York, Instagram, Microsoft, Time Warner, US, America, Trends, Mtv, Aol, Steve Ballmer, Manhattan, Bob, Ken Lerer

PayPal Debuts a Credit Card That Offers 2% Cash Back

PayPal is turning to its old nemesis, plastic, to help it expand beyond the digital realm. From a report: The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchases -- one of the industry's highest rebate rates -- with no annual fee. The rewards will appear in users' online wallets and can be spent immediately on additional PayPal purchases or transferred to a bank. The move is part of Chief Executive Officer Dan Schulman's effort to transform...
Tags: Tech, Paypal, JPMorgan Chase, Dan Schulman, Apple Visa

PayPal Credit Card to Target Brick-and-Mortar Shopping

PayPal Holdings Inc., is turning to its old nemesis, plastic, to help it expand beyond the digital realm.The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchasesone of the industry's highest rebate rateswith no annual fee. The rewards will appear in users' online wallets and can be spent immediately on additional PayPal purchases or transferred to a bank.The move is part of Chief Executive Officer Dan Schulman's effort to transform PayPal fr...
Tags: Advertising, Paypal, JPMorgan Chase Co, PayPal Credit Card, PayPal Holdings Inc, Dan Schulman, Apple Inc Visa Inc

PayPal's CEO, who now earns millions, still has his first-ever pay check for $208 — here's his advice for climbing to the top

PayPal CEO Dan Schulman is now worth millions, but he started his career with a paycheck of $208. He made a modest salary and was an assistant to an account executive at AT&T for his first job, in 1981. He stayed at AT&T for 18 years and worked his way up to run a team of 40,000 people, overseeing the core consumer business. His executive office was so big it had its own bathroom. Schulman went on to run Priceline, Virgin Mobile, and now PayPal. Schulman says his corporate climb came down to g...
Tags: Microsoft, Trends, Paypal, Business Insider, Jason Calacanis, Aaron Levie, Clippers, AT T, EBITDA, Dan Schulman, Schulman, Alyson Shontell, Shontell, Steve Ballmer Box, John Sculley Angel, AT T Shontell