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PayPal's Venmo is showing 'no signs of slowing' after getting ditched by eBay

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PayPal just reported quarterly earnings. While the market reacted negatively, analysts found a bright spot in the company's Venmo segment.

 

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Because people who use Venmo don’t shop eBay.

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PayPal's Venmo had a break-out quarter with payments surging 80%The company saw $19 billion in payments volume through its peer-to-peer lending app Venmo in the fourth quarter. I’m sure increasing their instant transfer charge to 1% from total instead of $.25 helped 😑
Source: CNBC - 🏆 12. / 72 Read more »