fintech / news / / The Verge
PayPal reportedly plans to separate Venmo from the rest of the company.
PayPal is making Venmo a standalone business unit within the company.
KEY POINTS
- This structural change will make it easier to track Venmo's financial performance separately.
- The move could facilitate a potential sale of Venmo to another company.
- PayPal plans to recruit a banking executive to lead the new Venmo unit.
COMPANIES
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