PayPal CEO Says He’s Confident Venmo Will Make Money Someday
- Dan Schulman says that Venmo is continuing to expand
- No business impact from Wall Street-backed Zelle, he says
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Venmo’s app succeeded in becoming a ubiquitous way for young people to send money back and forth. It has been less successful at creating a sustainable business.
Dan Schulman, chief executive officer of Venmo parent company PayPal Holdings Inc., said that while it hasn’t happened yet, the app will make money someday.