Several key initiatives have contributed to PayPal's turnaround, including:
- Improved transaction margins: Chriss has focused on increasing the profitability of PayPal's core business by offering merchants increased value-added services, such as connecting data points at checkout to drive down cart abandonment rates. This has resulted in higher revenue and improved profitability for the company.
- monetization of key acquisitions: PayPal has successfully monetized its key acquisitions, including Braintree and Venmo, which has helped to drive growth and improve profitability. The company has leveraged these acquisitions to expand its offerings and reach new customers.