Tonernews.com, May 27, 2026. USA
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PayPal’s Checkout Empire Under Siege as Rivals Attack Its Core Business.
Former HP CEO Enrique Lores is now facing growing criticism at PayPal as investors fear he could repeat the same playbook many blame for HP’s long decline: cost cutting, subscription pushes, and slowing innovation while rivals race ahead. PayPal’s once-dominant online checkout business is under heavy pressure from Apple Pay, Klarna, Shopify, and other fintech competitors, with growth slowing dramatically and the stock still far below its pandemic highs. Critics say HP under Lores became known more for controversial printer firmware restrictions, expensive ink strategies, and financial engineering than breakthrough technology, raising concerns that PayPal could become another aging tech giant focused on squeezing profits instead of reinventing itself. Supporters argue Lores helped stabilize HP during difficult years and may bring much-needed operational discipline to PayPal, but Wall Street is increasingly watching to see whether the company can revive innovation fast enough to stop rivals from taking over the future of digital payments.
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