Inside PayPal's $530M plan to close the racial wealth gap, with CEO Dan Schulman


Manage episode 266810951 series 2653436
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The pandemic has hurt many businesses – but PayPal isn't one of them. PayPal has boomed as e-commerce purchases have swelled, with the stock up more than 50% this year and a new demographic of the 50+ joining the platform. That doesn't mean though, that CEO Dan Schulman hasn't had a slew of adjustments and worries to manage. PayPal recently committed more than $500 million to support Black and minority-owned businesses, after facilitating some $1.9 billion in PPP loans to largely underbanked communities. Dan says PayPal has a unique opportunity to spur emerging economic recovery – and to make a longterm impact in the fight for racial justice.

35 episodes