The ‘Uber Of Nothing’ Is Coming
PYMNTS
APRIL 11, 2016
Compared to the alternative — losing it in the market anyway and/or being taxed on whatever returns they might manage to eke out — the downside doesn’t appear too threatening. Two: Platforms have to operate at scale. Venmo was established in 2009 and acquired by Braintree in 2012 for roughly $26 million.
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