PayPal CEO sees ‘huge monetization opportunity' after revamp, but stock drops

PayPal Holdings Inc. Chief Executive Alex Chriss says the problems with checkout that the online-payments pioneer set to solve years ago have “really been solved” now. It’s easy to pay with a credit card on the web, and the company faces plenty of competition in the digital-wallet world, including from Apple Inc.’s AAPL, +0.62% Apple Pay, which has been gaining steam lately. Competitive fears have weighed lately on shares of PayPal PYPL, -4.28%, which are off some 80% from their all-time high set in July 20 ...