Internal docs: Venmo had operating loss of ~$40M in Q1 2018, 40% bigger than expected, largely due to fraud that led the company to reduce website functionality (Peter Rudegeair/Wall Street Journal)

Internal docs: Venmo had operating loss of ~$40M in Q1 2018, 40% bigger than expected, largely due to fraud that led the company to reduce website functionality (Peter Rudegeair/Wall Street Journal)


Peter Rudegeair / Wall Street Journal:

Internal docs: Venmo had operating loss of ~$40M in Q1 2018, 40% bigger than expected, largely due to fraud that led the company to reduce website functionality  —  A spike in fraudulent activity earlier this year led to higher losses than the payments company had expected

Internal docs: Venmo had operating loss of ~M in Q1 2018, 40% bigger than expected, largely due to fraud that led the company to reduce website functionality (Peter Rudegeair/Wall Street Journal)
Source: Tech Meme