Venmo is starting to test a big redesign of its app, and as part of the redesign, instead of defaulting new users’ posts to be public by default, their posts will only be visible to friends.
The timing is notable. PayPal, which owns Venmo, is restructuring to spin Venmo off as a standalone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright.
PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.
Discover how Venmo is enhancing everyday spending through its expanded cash back rewards program, offering users more ways to save while they shop. Learn about the new features and how to maximize your rewards!
