PayPal reportedly plans to separate Venmo from the rest of the company.
Enrique Lores, who took over as PayPal CEO in March, is putting Venmo into a standalone segment within the company, “making it easier to track its progress or potentially sell the business to another company,” according to a report from CNBC. As part of the change, PayPal reportedly aims to hire a banking executive to head up the new Venmo unit. [Link: PayPal's new CEO makes Venmo a standalone business unit as poten…
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