tl;dr
In a recent development, Amazon (NASDAQ:AMZN) will discontinue accepting Venmo as a payment option after January 10, 2024, as announced by the digital wallet's website. The change is attributed to recent modifications, resulting in Venmo's unavailability for addition as a payment method, although ex...
In a recent development, Amazon (NASDAQ:AMZN) will discontinue accepting Venmo as a payment option after January 10, 2024, as announced by the digital wallet's website. The change is attributed to recent modifications, resulting in Venmo's unavailability for addition as a payment method, although existing users can continue to utilize it in their Amazon wallet until the stipulated date. Subsequently, Amazon has notified its customers via email, urging them to update their payment preferences. Notably, while Venmo debit and credit cards will remain functional post the cessation, the instant payment service will be disabled, marking a significant shift in the e-commerce retailer's payment ecosystem.
More about Amazon.com Inc
Amazon.com Inc is a leading multinational technology company with a strong focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, it holds significant influence in the global market. With a market capitalization of $1,493,469,757,000 and a stock price of $3,554.03, the company has shown steady growth and resilience. The stock has demonstrated a positive performance, with a 1.91% increase and a Relative Strength Index (RSI) of 53.95, indicating a bullish sentiment. However, given the company's substantial market value, potential risks and uncertainties should be carefully considered, as past performance may not guarantee future results.
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