Fast forward to 2026: PayPal just fired its CEO, the stock is sitting at its lowest level since 2017 (sub-$44), and the company is trading at ~7.4x forward earnings.
A few years ago, the narrative was that PayPal was a long-term fintech winner with strong leadership and a durable moat. That did not age well.
You are right that they also own venmo - https://en.wikipedia.org/wiki/Venmo.
So yeah, not sure how they haven’t been able to monetize that.
They monetized it as a data farm instead of a financial service, which was fine when literally everyone isn’t running a data farm