Venmo’s $40M in fraud, GM closes 7 plants (because Millennials), and Amazon revolutionizes ads (hint: boxes)




Snacks Daily show

Summary: Venmo was shocked when fraud issues surged to cost it $40M in a single quarter. GM’s closing 7 plants and firing 15K and it’s blaming you. And Amazon already won Cyber Monday, but we’re more interested in the innovation it’s doing to its boxes and the ad industry (FYI, advertising will become its most profitable biz in 3 years).