PayPal's Q1 revenue up 9% to $7.7 billion, stock up 6% pre-market

- PayPal's Q1 revenue increased by 9% to $7.7 billion - Operating income rose by 17% to $1.2 billion - GAAP EPS grew by 18% to $0.83 - Total payment volume reached $403.9 billion, up 14% - Payment transactions grew by 11% to 6.5 billion - Second quarter revenue expected to grow by 6.5% - PayPal shares rose by 6.06% to $71.02 in premarket trading in New York - CEO Alex Chirss focused on strategic initiatives for future growth in 2024

Summarized top reddit comments: - Some investors are pleased with PayPal's Q1 revenue increase, causing the stock to go up - Others have experienced losses or are frustrated with the stock performance - Speculation about whether replacing the CEO was a good move by PayPal - Mention of IV (implied volatility) affecting options trading outcomes