Feb 3 : PayPal replaced its CEO Alex Chriss, who was brought in to steer the payments firm through slowing growth and heightened competition, and simultaneously issued a lackluster profit forecast for 2026 on Tuesday, sending its shares down 19 per cent. The company's board, which named HP's Enrique Lores as its new president and CEO, said the pace of change and execution under Chriss was not in line with its expectations. Chriss was tasked with turning around PayPal during a challenging period