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Snacks / Monday, October 21, 2019

Fresh plastic... Venmo already basically sponsors your group brunch. But the peer-to-peer payment app just announced a credit card so that Venmo can find a way into your non-paying-people-back life. Even though Venmo has over 40M users with $300M in expected annual revenue, owner PayPal is still trying to make it profitable.

Snuggle up... Netflix added 6.8M new subscribers over the last 3 months — that's more than double what it did in the previous quarter. A record 64M households tuned into Stranger Things after its July launch, helping drive new sign-ups (Netflix nation is 158M strong). But 98% of subscriber growth came from abroad the past 6 months, so it's adding 130 seasons of non-English content in 2020, like Japanese hit The Naked Director.

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