Venmo Giveaway Is Unlikely Connected To Policy Changes

At the end of June, Venmo announced a giveaway for $100,000—divided as $500 a piece to 50 Instagram users and 50 Twitter users with two different drawings. Social media users raised #Venmome, the hashtag used to enter the sweepstakes, to trending status, but some people drew a correlation to a previous announcement that Venmo was raising transaction fees. In several instances, a popular meme was altered to show that some eyes are opened to Venmo’s plan to distract their patrons.