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Surely parent comment starting with "Venmo came first" indicates that they don't see PayPal and Venmo as competing in the same space.
by kerkeslager 9y ago
Surely parent comment starting with "Venmo came first" indicates that they don't see PayPal and Venmo as competing in the same space.
- vyhd 9y agoPayPal owns Venmo, and Venmo's profits help sustain PayPal. PayPal's business practices have rightly come under heavy scrutiny, which means that, for quite a few people, there is a compelling "reason to switch" in spite of the fact that it "came first".
- red_phone 9y agoThe article notes that Venmo is currently operating at a loss.
- kerkeslager 9y agoAh, I wasn't aware PayPal owned Venmo.