PAYPAL'S NEW CEO MAKES VENMO A STANDALONE BUSINESS UNIT AS POTENTIAL BUYERS CIRCLE

Summary from the TLDR newsletter

Venmo is being separated into its own standalone unit. PayPal is facing takeover interest, and Venmo is considered the company's most valuable and most acquirable asset. The separation will make it easier to track Venmo's progress or potentially sell the business to another company. PayPal is looking to recruit a digital banking executive to run the new Venmo segment.