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Why Venmo’s Success Will Be a Long Journey for PayPal

Naomi Gray
Updated
Why Venmo’s Success Will Be a Long Journey for PayPal

As PayPal (PYPL) prepares to report its fourth-quarter earnings results, Venmo is on the minds of many investors—and for good reason. While updating investors on PayPal’s third-quarter performance in October, CEO Dan Schulman said that 24% of Venmo users now used the service in ways that could generate revenue for PayPal. Schulman revealed that Venmo’s monetizable base had been expanding at a healthy pace, rising from 17% in June and 13% in May.

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