PayPal appoints Srini Venkatesan of Walmart as new CTO, effective June 24. He will oversee technology development and implementation across the ecosystem.
Surpassing eBay, Chinese e-commerce giant Temu, part of PDD Holdings (NASDAQ
), now attracts more repeat U.S. shoppers, with 34% shopping monthly compared to eBay's 29%. Temu's aggressive marketing strategies, including Super Bowl ads, have significantly boosted its U.S. market presence.
On Friday, GameStop Corporation (NYSE: GME) failed to show signs of an operational turnaround as it delivered its fiscal first quarter results earlier than expected, previously saying they will be issued on June 11thafter market close.