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☆ Paypal CEO Alex Chriss: We will 'shock' the world
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaypal CEO Alex Chriss: We will 'shock' the worldPaypal CEO Alex Chriss joins 'Squawk on the Street' to discuss what Chriss has to say about recent downgrades from Wall Street, how the new CEO plans to 'shock the world', and more.

Persons: Alex Chriss, Chriss Locations: Wall

☆ Watch CNBC's full interview with PayPal CEO Alex Chriss
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with PayPal CEO Alex ChrissPayPal CEO Alex Chriss joins 'Squawk on the Street' to discuss what Chriss has to say about recent downgrades from Wall Street, how the new CEO plans to 'shock the world', and more.

Persons: Alex, Alex Chriss, Chriss Locations: Wall

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.

Persons: Chase, —, takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada

☆ The 2023 stock winners investors should let ride, sell or hedge in the new year
▼ + stars: | 2024-01-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

Let 'em ride: Several of 2023's best-performing stocks were grossly undervalued at the beginning of the year. So while investors recognized the company could deliver massive earnings and free cash flow, they were afraid Zuckerberg had gone off the reservation. The stock sports topline growth, substantial margins, a strong balance sheet, substantial free cash flow, and a moat around its business. It's time to hedge some of those gains (or take profits): The second best-performing stock in the Russell 1000 for 2023 is Coinbase (COIN) . If you own, but don't want to sell, consider purchasing the March $45/$35 put spread as a particle hedge, as illustrated below.

Persons: David Ricardo, Ricardo, Mark Zuckerberg, Zuckerberg, doesn't, Russell, cryptocurrencies, aren't, Equifax Organizations: Russell, Vertiv, Builders, Topbuild Corp, Nvidia, Investors, MU, Walmart, Visa, Mastercard, Paypal, Experian, PayPal, Palantir Technologies, Government Locations: uptrends

☆ Former Facebook diversity strategist pleads guilty to stealing more than $4 million from company
▼ + stars: | 2023-12-13 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Barbara Furlow-Smiles attends the 2020 Sisters' Awards at Skirball Cultural Center in Los Angeles on March 8, 2020. A former global diversity strategist at Facebook pled guilty to wire fraud after stealing more than $4 million from the social media giant "to fund a lavish lifestyle" in California and Georgia, federal prosecutors said. In some instances, Furlow-Smiles had Facebook pay people who did not give her kickbacks, in one case directing $10,000 to an artist for specialty portraits, and more than $18,000 to a preschool for tuition, prosecutors said. As part of the scheme, Furlow-Smiles linked PayPal, Venmo and Cash App accounts to her Facebook credit cards and used those accounts to pay friends, relatives and other associates for goods and services purportedly provided to Facebook. Furlow-Smiles, who was not Facebook's top DEI executive, pled guilty in Atlanta federal court on Monday.

Persons: Barbara Furlow, Smiles, Furlow, Ryan Buchanan, Meta, Lance Clarke Organizations: Attorney's, Facebook Diversity, Equity, Facebook, PayPal, . U.S, Meta, CNBC, CNBC PRO Locations: Los Angeles, Atlanta, California, Georgia, .

☆ Calls of the Day: NXP Semi a top pick at Cowen
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: NXP Semi a top pick at CowenBMO initiates coverage of Paypal with a market perform rating. NXP is a top pick at TD Cowen IBM is reiterated a 'buy' at Bank of America. The Halftime Investment Committee discuss in our Calls Of The Day.

Organizations: Cowen BMO, Paypal, Cowen IBM, Bank of America

☆ How to send a digital gift card on Amazon, Venmo or Cash App
▼ + stars: | 2023-12-05 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

It's easy to give a digital gift card that can save you in a pinch. Many of the popular money transfer services let you send cash to anyone you choose. You can use those platforms to send a digital gift card for popular vendors such as Starbucks , Lululemon and Nordstrom . Instead of sending $20 in cash on PayPal -owned Venmo, I sent him a $20 Chipotle gift card through Venmo. Here's how to send a digital gift card if you feel the same way.

Organizations: Nordstrom, Bank of America, PayPal

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

The Wells Fargo Autograph Journey will be a new Visa product available to consumers sometime next year, according to a direct confirmation from the credit card issuer. Furthermore, Wells Fargo will not be announcing Autograph card transfer partners for hotels and airlines in 2023. If you're interested in expanding your wallet to include a Wells Fargo product, you can always turn to the Wells Fargo Autograph℠ Card. Wells Fargo Autograph℠ Card Apply now lock icon An icon in the shape of lock. Wells Fargo Autograph Card review External link Arrow An arrow icon, indicating this redirects the user."

Persons: Wells, Wells Fargo, you've, Nicole Dye, You'll, Insider’s Organizations: Finance, Anderson, of Media Relations, Wells, PayPal Locations: Wells Fargo, Wells

We can help show you where to watch Galatasaray vs. Man United for free online, though, wherever you are in the world. Unlike many other free Champions League live streams, this one will be broadcast in English via an Irish channel. If you're not in Ireland and want to watch Galatasaray vs. Man United for free online, you'll hit a geo-block when you try to watch. Then get stuck in and enjoy this free Champions League live stream. How to watch Galatasaray vs. Man United live stream with a VPNSign up for a VPN if you don't have one.

Persons: you'll, Harry Kane, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll, we've Organizations: Devils, Champions League, Galatasaray, League, Real Madrid, Napoli, RTL Club, Bayern, Copenhagen, Rugby, Virgin Media, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, United, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Ireland, Belgian, Europe, United, Irish, Australia, USA

However, you may still owe taxes if you made a profit on resold Taylor Swift tickets, experts say. While third-party payment apps won't report as many business transactions to the agency this year, you are still required to pay taxes on profits, including resold concert tickets. "The big thing this past year was selling Taylor Swift concert tickets," said certified financial planner Tommy Lucas, an enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. 'If you want to follow the law ... report it'Ticket profits have always been taxable, and this may affect those who resold Taylor Swift concert tickets this summer. Keep copies of your purchase receipts for goods you later resell, such as those Taylor Swift tickets, since tax liability will be based on your sales proceeds minus the original purchase price.

Persons: Taylor Swift, Buda Mendes, tas23, Tommy Lucas, Moisand Fitzgerald Tamayo, Swift, Taylor, Lucas, James Guarino, Baker Newman Noyes, it's, Albert Campo Organizations: Getty, IRS, PayPal, TicketMaster, Accounting Services, CNBC Locations: Orlando , Florida, Boston, New Jersey

☆ Cramer examines why bank stocks performed poorly this year
▼ + stars: | 2023-11-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday explained why the regional and national banking sector has performed poorly this year. Cramer said part of traditional banks' issues stem from fear of regulators, who have become more aggressive. He added that regional banks should consider mergers to cut costs. But Cramer also stressed many banks' inability to modernize, saying they "simply missed an entire generation of customers." Cramer also wondered why banks "ceded" point-of-sale business to companies like Toast , a cloud-based restaurant management outfit.

Persons: CNBC's Jim Cramer, they've, Cramer, Banks, Heck Organizations: PayPal

☆ OpenAI’s Cast of Characters
▼ + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com time to read: +12 min

Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.

Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, ”, Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, “, we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford

☆ IRS delays rule on income received over PayPal, Venmo, others
▼ + stars: | 2023-11-22 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIRS delays rule on income received over PayPal, Venmo, othersCNBC's Robert Frank joins 'Squawk Box' with the latest news on the IRS.

Persons: Venmo, Robert Frank Organizations: PayPal

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

☆ Inflection AI's Mustafa Suleyman tells OpenAI staff 'come run with us' after 'utterly insane' weekend
▼ + stars: | 2023-11-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Mustafa Suleyman told OpenAI staff "come run with us" after a "utterly insane" weekend. The Inflection AI cofounder and CEO used an X post to promote his own firm and its progress. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe cofounder of Inflection AI weighed in on the "utterly insane" weekend experienced by its rival OpenAI and told workers to "come run with us." It's now the 2nd best LLM in the world ... & we're scaling MUCH further," Suleyman said in an X post .

Persons: Mustafa Suleyman, OpenAI, —, who's, It's, Suleyman, — Mustafa Suleyman, @mustafasuleyman, OpenAI's ChatGPT, Sam Altman, reinstates Altman, Kelsey Laymon, Marc Benioff, Eric Schmidt, Bill Gates, Reid Hoffman, DeepMind Organizations: Service, Microsoft, Nvidia, Forbes, TechCrunch, Paypal, Google, Business

☆ Users of Venmo, Cash App and Other Digital Wallets Get a Tax Reprieve
▼ + stars: | 2023-11-21 | by ( Alan Rappeport | ) www.nytimes.com time to read: 1 min

For the second time in a year, the Internal Revenue Service is delaying enforcement of a contentious tax policy that would require users of digital wallets and e-commerce platforms to start reporting small transactions to the tax collection agency. said on Tuesday that it would slowly phase in the new policy, which would require individuals and small businesses to report digital transactions of as little as $600 to the federal government. The new reporting requirement was supposed to take effect late last year, but the Biden administration abruptly postponed it following pressure from lobbyists and backlash from users of services such as Venmo, PayPal, Cash App, StubHub and Etsy. The head of the Internal Revenue Service said the decision to delay the rule again stemmed from concern of higher tax bills among those who used digital wallets.

Persons: Biden Organizations: Internal Revenue Service, PayPal

☆ IRS postpones rule change on digital payment reporting for small businesses and side hustles
▼ + stars: | 2023-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.

Persons: “, ”, Danny Werfel, –, Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana

☆ IRS delays tax reporting rule change for business payments on apps such as Venmo and PayPal
▼ + stars: | 2023-11-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay , Etsy or Poshmark in 2023, your tax return may now be a little less complicated. The IRS announced Tuesday that 2023 would be a "transition year" for a new tax reporting requirement affecting such payments. Once in place, it will trigger Form 1099-K for just $600 in payments, even if that income stemmed from a single business transaction. For 2023, the old limit of more than 200 transactions worth an aggregate above $20,000 will remain in place. The agency said it also plans on updates for Form 1040, which is used by taxpayers to file individual income tax returns, and related schedules, to "make the reporting process easier."

Persons: aren't, Danny Werfel Organizations: PayPal, eBay, IRS, Finance

☆ Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
▼ + stars: | 2023-11-18 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com time to read: +2 min

“We do not prohibit people in this industry from having personal bank accounts with us,” she added. One of the risks associated with sex work is money laundering and human trafficking, where victims, mostly women, are forced or coerced to engage in commercial sex acts. Many banks and other financial platforms avoid doing business with these industries altogether. “That is the problem we have — trying to recognize potential human trafficking that we would have to report.”Beyond banks, many financial services apps have blanket bans, which state they won’t process any transactions related to adult content or services. CashApp — which, like Square, is owned by Block — lists “selling adult content and services” on its “not allowed” list.

Persons: Trish Wexler, Chase, ”, — Organizations: Treasury, PayPal, Block Locations: OnlyFans

U.S. oversight of Big Tech financial services is fragmented. The CFPB rule would toughen up supervision, requiring Big Tech to comply with its rules on privacy protections, executives' conduct and unfair and deceptive practices. Without regulatory scrutiny, they could leverage their growing dominance of consumer payments to capture other services like lending and card issuing, analysts said. 'LEG UP'Representatives for Big Tech have accused the CFPB of trying to protect traditional lenders. While Big Tech companies have deep pockets and plenty of resources to handle the new scrutiny, the rule could limit how they use and protect consumer data.

Persons: Dado Ruvic, Rohit Chopra, Todd Phillips, Dodd, Frank, It's, Paige Pidano Paridon, Chopra, John Coleman, Hannah Lang, Stephen Nellis, Michelle Price, Richard Chang Organizations: Apple, REUTERS, Wall, Big Tech, Consumer Financial Protection Bureau, Google, Georgia State University, PayPal, Federal, McKinsey, Bank, BPI, Banks, Representatives, Big, Herrington, Thomson Locations: U.S, Washington

“Representative Santos sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit,” the report concluded. Ethics panel concludes sexual harassment allegation against Santos was not substantiatedThe House Ethics panel said there was not substantial evidence to support a sexual harassment allegation brought against Santos. But the report also indicates that there was some tension between the overlapping DOJ criminal probe and House ethics probe. The ethics panel reached out to the Justice Department to deconflict their investigations, and top DOJ officials asked them in March to pause the ethics probe. The House report says DOJ’s “deferral requests” prevented them from getting to the bottom of certain allegations.

Persons: George Santos, Santos, Santos ’, ”, Ubers, ” Santos, Mary Altaffer, AP Santos, –, “, Nancy Marks, Santos “, ‘, it’s, DOJ’s Organizations: New York Rep, US, Republican, “, US Justice Department, Santos ’, New York University, Baruch College, ”, New York's, AP, Federal, Commission, ” “, Santos, Resources, CNN, Justice Department, ISC, DOJ Locations: ”, Washington, Florida, Las Vegas, Atlantic City, Jericho , New York, CityMD, Huntington , New York, Rhinebeck , New York, Queens , New York, Glen Cove , New York, United States, Santos ’

☆ Advent to buy UK payments firm myPOS valued at over $500 million
▼ + stars: | 2023-11-16 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +3 min

LONDON, Nov 16 (Reuters) - Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group's latest push into digital payments, director Fabio Cali told Reuters. The acquisition is expected to value myPOS at around 500 million euros ($542.15 million), two people familiar with the matter told Reuters, speaking on condition of anonymity. The payments sector has had a run of transactions recently. SumUp said last year it had raised 590 million euros in a funding round led by Bain Capital Tech Opportunities. The company is targeting a revenue run rate of 100 million euros this year, one of the people said.

Persons: Fabio Cali, SumUp, JP Morgan, PayPal Zettle, Christo Georgiev, Georgiev, Amy, Jo Crowley, Jane Merriman Organizations: Reuters, Bain Capital Tech, PayPal, House, Thomson Locations: London, Cali, Athens, Europe

☆ Venmo’s newest feature helps users track, manage and settle group expenses
▼ + stars: | 2023-11-14 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

The new Venmo Groups feature gives users the ability to track and split ongoing group expenses, making it easier to figure out who owes who what. A group can have up to 30 members, letting both couples keep track of groceries and large soccer teams organize group fees. Venmo’s newest feature, Venmo Groups, helps users track, manage and settle group expenses. Courtesy PayPalVenmo Groups is the company’s response to smaller apps like SplitWise and SettleUp, existing options for those looking to do exactly what Venmo Groups now offers. Instead, users can opt to connect their Venmo or PayPal accounts with Splitwise, creating an extra step that Venmo Groups eliminates.

Persons: CNN — Venmo, Venmo, Erika Sanchez, ”, SplitWise, Splitwise, “, Rohit Chopra, CNN’s Chris Isidore Organizations: CNN, Groups, PayPal, Consumer Financial Protection Bureau, Big Tech

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