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Paypal owns Venmo (via the Braintree acquisition). How is this not cannibalizing on Venmo (whose primary existence is around sending money btwn friends)...?
by ahmad19526 11y ago
Paypal owns Venmo (via the Braintree acquisition). How is this not cannibalizing on Venmo (whose primary existence is around sending money btwn friends)...?
- gorena 11y agoThe Venmo team is a different team, located in NYC instead of California, has a brand that people actually like, something something middle managers. This kind of nonsense is standard issue from eBay and I don't think it would have changed in a month of separation.
- rattray 11y agoVenmo has a team in SF now, and eBay doesn't own PayPal anymore. Personally, I think it makes a lot of sense. This seems like a lower-friction flow, especially when requesting money from people who have never heard of Venmo – not everyone trust a payment processor they've never heard of, and PayPal has much broader awareness than Venmo.