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PayPal is replacing CEO Alex Chriss with Enrique Lores, saying that the pace of change and execution at the company has not met board expectations over the past two years. Lores has served as a PayPal board member for almost five years and has been board Chair since July 2024. He’s also spent more than six years as president and CEO of HP Inc. The payments industry is changing faster than ever, driven by new technologies, evolving regulations, an increasingly competitive landscape, and the rapid acceleration of AI that is reshaping commerce daily, Lores said in a statement on Tuesday. “PayPal sits at the center of this change, and I look forward to leading the team to accelerate the delivery of new innovations and to shape the future of digital payments and commerce. PayPal’s board thanked Chriss for his contributions, including the role he played to monetize Venmo and grow the Buy Now Pay Later business. Lores will take over as PayPal CEO on March 1. David Dorman will serve as independent chair, effective immediately. PayPal’s Chief Financial and Operating Officer Jamie Miller will serve as interim CEO until Lores assumes the position. PayPal also reported its fourth-quarter results on Tuesday. The technology platform and digital payments company posted an adjusted profit of $1.23 per share on revenue of $8.68 billion. The performance missed the expectations of analysts polled by Zacks Investment Research, who were looking for a profit of $1.29 per share on revenue of $8.77 billion. The San Jose, California-based company also forecast lower profit for the first quarter. Shares slid 16% before the market open. Michelle Chapman, AP business writer
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E-Commerce
Amid nationwide outrage over the killings of Renée Good and Alex Pretti, two House Democrats are pressing Google and Meta to answer for recruitment campaign posts that Immigration and Customs Enforcement has recently run on their platforms. The lawmakers, Reps. Becca Balint of Vermont and Pramila Jayapal of Washington, have accused the companies of being complicit with the Trump administration and enabling ICEs efforts to promote slogans thatthey sayhave also been employed by white nationalist and neo-Nazi groups. The inquiries were sent on January 21, and as of Monday, the platforms still had not responded. “What is going on with ICE is a five-alarm fire for our democracy, and these corporations are in it up to their necks,” Balint tells Fast Company. “They can no longer claim they ‘didn’t know.’ They are not only profiting from cruelty but actively helping to perpetuate it at everyone else’s expense. We expect answers, and we expect them now.” Under the Trump administration, ICE has sought to rapidly scale up recruitment. The agency aimed to spend $100 million on the effort, according to a document reported by The Washington Post last year, and it outlined a wartime recruitment strategy that included targeting people who show interest in firearms, Ultimate Fighting Championship (UFC) events, and podcasts focused on patriotism. ICE has run about 65 different advertisements on Google since the beginning of the year, according to the platforms ad library. These posts include a $50,000 signing bonus offer, opportunities to Defend the Homeland, and heavy use of Uncle Sam imagery. ICEwhich Rolling Stone reports has spent at least a few hundred thousand dollars running ads on Meta platforms in recent monthshas used its Facebook account to post provocative imagery alongside recruitment posts. These include posts featuring a picture of knights with swords alongside the text, THE ENEMIES ARE AT THE GATES,” as well as another displaying a man riding a horse and the phrase, WELL HAVE OUR HOME AGAIN.” Some of the posts are more explicit, including one showing a man carrying the Betsy Ross flag with the message, SEND THEM BACK. The politicians’ letter to the companies aims to draw a direct line between Big Techs ad systems and the normalization of rhetoric that civil rights groups say echoes white supremacist propaganda. Just last week, DHS posted a recruitment ad on Instagram proclaiming well have our home again, which is a song popularized in neo-Nazi spaces and used in white nationalist calls for a race war. The same lyrics were found in the manifesto of Ryan Christopher Palmeter, the white supremacist who shot and killed three black people in Jacksonville in 2023, wrote Balint and Jayapal in their January letter to Meta. It appears Meta is complicit in furthering this content on behalf of the Trump administration. These Facebook posts have racked up tens of thousands of likes or shares. Though Google, which also owns YouTube, and Meta, which owns both Facebook and Instagram, are the platforms the lawmakers focused on, theyre not the only place where ICE has posted content. The agency has posted job ads or recruitment content on LinkedIn, which didnt respond to a request for comment. It’s not immediately clear that these platforms are the primary way the agency is actually finding new recruits. Still, the letter highlights that platforms stand to be drawn into the nationwide discussion over ICE and its tactics. The companies confirmed receipt but havent responded yet, Balints office tells Fast Company. Meta declined Fast Companys request for comment, and Google did not respond to multiple requests for comment. The silence isnt necessarily surprising. Tech companies have a real interest in not ruffling feathers with the Trump administration, and some platforms have, in the aftermath of the 2020 election, already done a major about-face about their decisions to boot or suppress the presidents account. Balint’s and Jayapals letter isnt a new strategy for lawmakers either. Members of both parties have previously pushed platforms to censor or restrain posts that they find odious. In highly polarized times, critics argue that this approach essentially amounts to working the refs, and it seems unlikely Google and Meta would move to censor an official government agency.
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E-Commerce
Ignaz Semmelweis was a physician working in a maternity ward in the 1840s. He noticed something disturbing: women giving birth in the ward staffed by doctors and medical students died from “childbed fever” at rates of 10-35%, while a nearby ward staffed by midwives had death rates under 4%. The key difference was that doctors were coming straight from performing autopsies to delivering babies, without washing their hands. They would dissect cadavers in the morning, then examine pregnant women in the afternoon with just a quick rinse. In 1847, Semmelweis instituted a policy requiring doctors to wash their hands with a chlorine solution between the autopsy room and the maternity ward. Death rates plummeted dramatically to around 1-2%. Great news, right? But instead of celebration, the medical community mocked Semmelweis for his claim that handwashing was worth the time and effort. He was driven out of the profession, and the childbed fever deaths went back up. It took more than 50 years after his discovery for handwashing to go mainstream in hospitals. {"blockType":"mv-promo-block","data":{"imageDesktopUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/12\/speakeasy-desktop.png","imageMobileUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/12\/speakeasy-mobile.png","eyebrow":"","headline":"\u003Cstrong\u003ESubscribe to Urbanism Speakeasy\u003C\/strong\u003E","dek":"Join Andy Boenau as he explores ideas that the infrastructure status quo would rather keep quiet. To learn more, visit \u003Ca href=\u0022http:\/\/urbanismspeakeasy.com\/\u0022\u003Eurbanismspeakeasy.com.\u003C\/a\u003E","subhed":"","description":"","ctaText":"SIGN UP","ctaUrl":"http:\/\/urbanismspeakeasy.com\/","theme":{"bg":"#f5f5f5","text":"#000000","eyebrow":"#9aa2aa","subhed":"#ffffff","buttonBg":"#000000","buttonHoverBg":"#3b3f46","buttonText":"#ffffff"},"imageDesktopId":91453933,"imageMobileId":91453932,"shareable":false,"slug":""}} The case for cameras Right now, in early 2026, state legislatures across the country are trying to outlaw a proven treatment for traffic injuries and fatalities. Speed enforcement cameras are proven to reduce vehicle speeds and reduce crashes. According to the US Department of Transportations Proven Safety Countermeasures initiative, fixed speed cameras can cut crashes on urban principal arterials by up to 54% for all crashes and 47% for injury crashes. For obvious reasons, school zones are the first place communities tend to install safety cameras. Speeding near schools creates unacceptable risks for kids crossing streets or waiting at bus stops. Montgomery County, Marylands, automated speed enforcement program found that cameras reduced the likelihood of a crash involving a fatality or incapacitating injury by 19%, decreased the chance of drivers exceeding the limit by more than 10 mph by up to 59%, and fostered long-term changes in driver behavior that substantially lowered overall deaths and injuries. In New York City school zones, fixed cameras have reduced speeding by up to 63% during active enforcement hours. Many other case studies demonstrate similar outcomes. The bottom line is automated speed enforcement saves lives. Pre-installation surveys at some Virginia schools revealed a whopping 95% of drivers were blazing through school zones at 10+ mph during arrival and dismissal. Nearly every driver was risking the lives of young kids, including parents. In Fairfax County, the safety cameras at Key Middle School issued 7,429 citations from August 2024 to May 2025. But after the cameras had been in place for a while, average speeds fell from 33.1 mph to 27.8 mph. People need consequences for dangerous driving. Automated cameras deliver fair, unbiased enforcement where officers can’t patrol constantly, holding reckless drivers accountable in high-risk areas like school zones while freeing up police for other duties. Bills to ban But while automated enforcement is saving lives, politicians in multiple states are advancing bills to ban, restrict, or phase out speed cameras. Virginia: SB 297 (introduced January 13, 2026) repeals the authority for law-enforcement agencies to use photo speed monitoring devices. It has been referred to the Senate Committee on Transportation and remains under consideration in the 2026 Regular Session. Arizona: SCR 1004 (advanced through the Senate Appropriations, Transportation, and Technology Committee in mid-January 2026) aims to place a statewide ban on photo radar enforcement (including speed cameras) on the November 2026 ballot for voter decision. Georgia: HB 225 repeals all laws authorizing automated traffic enforcement safety devices (speed cameras) in school zones, with an effective date of July 1, 2028, to phase out existing contracts. Reintroduced in the 2025-2026 Regular Session (published January 13, 2026), it previously passed the House 129-37 in 2025 but stalled in the Senate. Texas: Building on the state’s existing prohibitions on most fixed speed and red-light cameras (banned statewide in 2019), recent efforts like HB 2810 (introduced in the 2025 session but died) sought to expand bans to include portable devices enforcing speed limits. Similar measures could resurface in the 90th Legislature starting January 2027, driven by complaints about distractions from flashes and potential safety risks in local deployments. Minnesota: Rep. Greg Davids (R-Preston) announced in late 2025 that he would author a bill to ban automated speed cameras statewide, to be introduced in the 2026 legislative session. This follows Rochester’s City Council narrowly approving a request for a speed camera pilot program, highlighting opposition amid concerns over enforcement fairness and local authority. Robust evidence from federal and local sources supports speed cameras as effective for slowing drivers and preventing crashesespecially in child-heavy school zones. Its a shame to see politicians working to dismantle them. Speed enforcement cameras save lives. The victims and survivors of traffic violence deserve better than the misguided bills that will directly lead to more life-altering crashes. {"blockType":"mv-promo-block","data":{"imageDesktopUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/12\/speakeasy-desktop.png","imageMobileUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/12\/speakeasy-mobile.png","eyebrow":"","headline":"\u003Cstrong\u003ESubscribe to Urbanism Speakeasy\u003C\/strong\u003E","dek":"Join Andy Boenau as he explores ideas that the infrastructure status quo would rather keep quiet. 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