Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

PayPal and Venmo

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PayPal’s Cash and Revenues Explode

The volume of payments processed by Venmo increased by 154% between first quarter 2015 and first quarter 2016, RE/CODE reported. Venmo processed $1.26 billion worth of payments in first quarter 2015 and $3.2 billion in first quarter 2016. That’s an increase of $1.64 billion in just a year, and PayPal has not even enabled the use of Venmo for retail transactions yet.

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