16:03 ET -- PayPal is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The company plans to build an ad sales business, using data it generates from tracking the purchases as well as the broader spending behaviors of consumers who use its services including Venmo. PayPal has hired Mark Grether, formerly of Uber, to lead the effort. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

05-28-24 1618ET