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Snapchat, Venmo and Cocaine: Penn State Frat Drug Ring Unfolds in Court Docs
us-news5 days ago

Snapchat, Venmo and Cocaine: Penn State Frat Drug Ring Unfolds in Court Docs

Court documents reveal a Penn State fraternity cocaine ring used Snapchat to coordinate deliveries and cash-transfer apps like Venmo and Cash App to move thousands of dollars, with 24-year-old Agostino Abbatiello named as the alleged ringleader; deals included roughly 100 grams for $4,000 and other transactions totaling tens of thousands. Other frat members testified or were charged, including payments made under real names on Venmo. Abbatiello turned himself in and is being held without bail as investigators describe how social apps facilitated campus drug trafficking.

via New York Post|
#cocaine#fraternities#penn-state
When Venmo Splits a Dinner: Gen Z's Money Etiquette Goes Digital
business7 days ago

When Venmo Splits a Dinner: Gen Z's Money Etiquette Goes Digital

Gen Z’s use of apps like Venmo and Zelle makes bill-splitting easier to settle but more prone to friction, as people track every penny and set ambiguous expectations. Etiquette experts say upfront, written conversations about how costs should be shared can reduce awkwardness and conflict, while data on Gen Z spending shows persistent ‘tab tyrants’ and unpaid debts that strain friendships and co-living arrangements.

via businessinsider.com|
#bill-splitting#business#gen-z
Venmo tests privacy-first redesign with friend-only default posts
tech3 months ago

Venmo tests privacy-first redesign with friend-only default posts

Venmo is rolling out a major app redesign that sets new users’ posts to be visible only to friends by default during onboarding, with options to make posts public or private later. The update, part of a broader redesign including new surfaces like Send, Money, and Rewards, aims to boost user trust and privacy; rollout will occur in stages on iOS/Android in the coming weeks.

via The Verge|
#app-redesign#onboarding#payments
PayPal reshapes into three business lines with leadership overhaul to accelerate growth
business3 months ago

PayPal reshapes into three business lines with leadership overhaul to accelerate growth

PayPal announced a strategic reorganization into three operating units—Checkout Solutions & PayPal; Consumer Financial Services & Venmo; and Payment Services & Crypto—aimed at speeding growth and simplifying decision-making, alongside leadership changes (Frank Keller as President of Checkout Solutions & PayPal; Alexis Sowa and Jeff Pomeroy as interim leads for the other two units; Antonio Lucio as Chief Marketing & Corporate Affairs Officer; Anshu Bhardwaj as Chief AI Transformation & Simplification Officer). Departures include Diego Scotti and Michelle Gill. More details will be shared on the May 5 earnings call.

via PayPal Newsroom|
#business#crypto#leadership
PayPal Stock Surges as Takeover Talk Draws Private-Equity and Strategic Bid Interest
tech-stocks6 months ago

PayPal Stock Surges as Takeover Talk Draws Private-Equity and Strategic Bid Interest

PayPal stock jumped after Bloomberg reported unsolicited takeover interest, with analysts saying the company may be undervalued at about seven times next year’s earnings and could attract private‑equity or strategic buyers; there’s even chatter about spinning out Venmo, and potential bidders could include large tech or financial players (e.g., for Venmo) as the fintech landscape shifts.

via MarketWatch|
#fintech#paypal#private-equity
PayPal and Venmo Offer Early Access and Free Subscriptions to Perplexity’s New AI Browser
technology11 months ago

PayPal and Venmo Offer Early Access and Free Subscriptions to Perplexity’s New AI Browser

PayPal and Venmo users in select markets can now access a free one-year trial of Perplexity Pro, which includes the new AI-centric Comet web browser, offering an innovative alternative to traditional browsers with integrated AI features. The partnership aims to embed Perplexity's tools into users' daily routines, potentially converting free trial users into paying customers after the trial period.

via ZDNET|
#ai#comet-browser#paypal
Woman Explains Why She Kept $300 Sent by Stranger on Venmo
technology1 year ago

Woman Explains Why She Kept $300 Sent by Stranger on Venmo

A woman named Jenna Herrera received $300 from a stranger on Venmo, followed by a request to return the money, which she suspected was a scam. This technique involves scammers using stolen financial information to send money, then asking for it back, leaving the recipient at a loss when the transaction is reversed. Herrera declined the request and kept the money in her account, seeking guidance on how to return it to its rightful owner. Venmo advises contacting them to help reverse such payments, as this is a common scam tactic.

via The Daily Dot|
#digital-payments#financial-security#fraud-prevention