I don't like Venmo at all. It's hard to get money out and I'm always wary of bank account details stored by a startup. It's good to see this coming from FB and for this specific instance, a bad startup hopefully getting killed. For HN crowd which often defaults to hating FB, I'd say its a tool and like hammer it can be used for good and bad. The good things it has done is literally start and support revolutions, connect long lost friends, keep up with remote relatives and so on. I think their newsfeed algo sucks as they give far more weight to groups and funny video posts then actual friends news but hope that improves.