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 — A spike in fraudulent activity earlier this year led to higher losses than the payments company had expected
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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)]()
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November 26, 2018
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