In a long post on X, Marcus spoke about several flaws in PayPal, a San Jose-based fintech giant, across its history. Marcus left PayPal in 2014 and has since worked at Coinbase and Meta. He has also founded a payments company, Lightspark, where he is now CEO. He said he had woken up to messages from former PayPal colleagues, which pushed him to "finally speak up."
This year's survey reveals a significant decline in the use of credit cards, from 14.2% of transactions to 12.6%. With higher interest rates making credit cards a more expensive way to shop, consumers turned to debit cards where usage increased from 62.0% to 64.0% of transactions. As the cost of living crisis eased, some customers returned to old habits. The weekly shop showed signs of a comeback with consumers making fewer but larger transactions.
From Paddy Power to Klarna, these are the bank statement red flags to avoid when applying for a mortgage
infamously boasting that the tech was doing the work of " 700 full-time agents" last year - only to regret his decision months later, admitting that humans play an important role after all.
On this week's Modern Retail Podcast, senior reporter Melissa Daniels is joined by executive editor Anna Hensel. First, they discuss Affirm's new rollout with Apple Pay to provide its buy-now, pay-later services in-store. Then they unpack the trend of paper coupons making a comeback in some retail environments, with Kroger announcing it has been bringing back paper coupons to help appeal to value-minded shoppers or those who aren't comfortable with more digital savings programs.
but the California concert promoter has already released the lineup for the 2026 Coachella Valley Music and Arts Festival, the earliest announcement since the event's inception in 1999. We're expected to know, before the leaves begin to turn, if we want to snag tickets at the "early bird" "discount" price of $650 (Weekend One) or $550 (Weekend Two) to see Kaskade, the DJ my EDM-curious dad once called "Ajax" by mistake (they're both cleaning supplies, after all).
Klarna made a solid debut on the New York Stock Exchange, with shares of the Swedish buy now, pay later company rising nearly 15%. Klarna stock opened at $52 a share Wednesday, a 30% premium to the company's $40 pricing. It took roughly three-and-a-half hours for the specialists on the floor of the NYSE to manually price the first batch of trades of the company. The shares rose as high as $57 before losing some momentum and ending at $45.82, up 14.6%.
