Inside PayPal's $530M plan to close the racial wealth gap, with CEO Dan Schulman

Rapid Response

English - July 11, 2020 11:00 - 30 minutes - 27.8 MB - ★★★★★ - 50 ratings
Management Business energy sports news leadership science retail healthcare culture technology startup Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: What it will take for tech and Hollywood to be anti-racist, w/Color Of Change's Rashad Robinson

Next Episode: Building a bridge over troubled waters, with Spelman College president Dr. Mary Schmidt Campbell

The pandemic has hurt many businesses – but PayPal isn't one of them. PayPal has boomed as e-commerce purchases have swelled, with the stock up more than 50% this year and a new demographic of the 50+ joining the platform. That doesn't mean though, that CEO Dan Schulman hasn't had a slew of adjustments and worries to manage. PayPal recently committed more than $500 million to support Black and minority-owned businesses, after facilitating some $1.9 billion in PPP loans to largely underbanked communities. Dan says PayPal has a unique opportunity to spur emerging economic recovery – and to make a longterm impact in the fight for racial justice.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.