🦧 venmo x amazon

portable bonfire - “wiseape” to get 20% off! (click logo above)

💰 venmo x amazon

icymi: paypal owns venmo

• in 2013, paypal acquired braintree, which owned venmo at the time

• since then, venmo’s user base has grown to 80m+ as of q4 ‘21

launching this black friday

• amazon announced that shoppers can now use venmo as a method of payment

  • the feature will be rolled out to a portion of customers this week and “will be available to all us customers by black friday”

• amazon's available methods of payment is extensive – credit and debit cards, store cards, hsa and fsa accounts, ebt cards, affirm

  • other e-commerce giants like shopify and online retailers like lululemon are already allowing venmo as a form of payment, so this announcement doesn't come off as too big a surprise

for paypal, though, this means great news

• PYPL 0.00%↑ rose nearly 6% on tuesday after the announcement (it is still down 54% ytd though)

• imo: the partnership will likely act as a meaningful catalyst to the growth of its core business

  • while paypal’s shares are drastically down this year, paypal's shown significant growth in annual revenue figures for four (and potentially five by end of year) consecutive years

  • the digital payments industry isn’t disappearing anytime soon, and paypal is consistently working towards remaining as a dominant player in the space, and the drawn down current share price is a matter of valuation and market sentiment, not necessarily a reflection of paypal’s growth prospect

paypal: PYPL 0.00%↑

amazon: AMZN 0.00%↑

💡 something im thinking about

uber announced plans to add “journey ads” (click image)

that's all, folks 🐒

as always, i’m no financial advisor! (i’m no substitute for professional financial services)