Revenue Memo

Revenue Memo is a newsletter that unpacks how great companies make money. Trusted by thousands of curious minds at Microsoft, Google, a16z, and more.

Featured posts

Nov 3, 2025

How PayPal makes money: The fintech giant losing margin to keep its throne

Its take rate keeps falling, but PayPal’s scale and 438 million users still anchor global digital commerce.

Oct 23, 2025

How SpaceX makes money: Selling internet on Earth to fund life on Mars

From launching rockets to selling internet, SpaceX has built a self-funding machine powering humanity’s next great leap.

Oct 4, 2025

How Robinhood makes money: The zero-commission paradox that redefined investing

A fintech platform capturing billions by routing trades and pocketing interest on idle cash.

Sep 1, 2025

How Palantir makes money: The shadow architect of AI and security

What began as counterterrorism software now drives growth across Wall Street, pharma, and defense.

Aug 11, 2025

How Google makes money: The attention marketplace that shapes the modern web

An ad marketplace that captures and sells online attention, driving billions for Google each year.

Jul 20, 2025

How TikTok makes money: Turning viral videos into a shopping empire

A short-form video app turning cultural dominance into billions in revenue and building one of the internet’s most sophisticated monetization machines.

Jun 28, 2025

How Klarna makes money: Reinventing itself beyond BNPL

A BNPL pioneer quietly transforming into a global fintech platform powering over $100 billion in payments.

Jun 16, 2025

How Vinted makes money: Pay a fee to buy, but sell for free

A secondhand fashion marketplace is quietly turning buyer fees into one of Europe’s most profitable ecommerce models.

May 29, 2025

How Discord makes money: The $15B platform funded by its fans

A chat app that scaled to 200 million users and nearly $900 million in revenue without traditional ads or data harvesting.