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PayPal creates standalone Venmo unit to improve performance for potential sale.
PayPal is creating a standalone business unit for Venmo under CEO Enrique Lores to improve performance visibility and prepare for a potential sale or independent development.
The move includes hiring a banking executive to lead the segment as the company streamlines operations.
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PayPal crea una unidad autónoma de Venmo para mejorar el rendimiento de la venta potencial.