For PayPal the financial services and payment system company, it’s been a heady period of portfolio growth.
And PayPal sponsored Made, the two-day celebration held in Brooklyn this month spotlighting emerging designers, creatives and small businesses.
Last week, Schulman, a native of Newark, New Jersey, sat for an interview at the company’s offices in Manhattan’s West Village, dressed in a PayPal logo-ed zippered sweatshirt, Levi’s jeans, and flip-flops. “Almost every day, I wear the same thing — Levi’s jeans and a black sweater, and usually I do cowboy boots.”
I think the issue we face is that the magnitude of uncertainty around your base case for your demand, what your forecast is, the magnitude of uncertainty around that is as great as we’ve seen in a long, long time. It’s very difficult. Markets don’t like uncertainty as well. WWD: Wouldn’t PayPal be cushioned by shifts in spending behaviors, such as spending more on experiences and less on buying stuff?: Clearly the tailwinds of e-commerce growth and the move to more and more digital payments are persistent over time. That obviously plays into some of the strengths of PayPal but we are not immune from the economic and geopolitical trends that sweep through the world.
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