CEO Dan Schulman told analysts in a call after his company posted better-than-expected second quarter results that PayPal is "still sharpening our pencils" to find ways to save money. Read More...
The Wall Street Journal
PayPal Shares Jump 13% on Elliott Stake
Call it the Elliott Management effect. Shares of PayPal jumped 13% Wednesday after the activist investor said it has a roughly $2 billion investment in the digital payments giant. The Wall Street Journal [reported Elliott’s stake in the company](https://www.wsj.com/articles/activist-elliott-management-holds-stake-in-paypal-11658877844) last month. In PayPal’s earnings release Tuesday, Jesse Cohn, managing partner at Elliott, said that the firm “strongly believes in the value proposition at PayPa
