WSJ News Exclusive | Apple Pulls Plug on Goldman Credit-Card Partnership
www.wsj.com
The tech giant proposed exiting the contract in about 12 to 15 months, which would knock down a main pillar of Goldman’s soured bid to expand into main-street lending.
  • _number8_@lemmy.worldEnglish
    211·
    11 months ago

    from what i read about this, it basically seems like they’re losing too much money because apple designed the UI too well; it’s too obvious when payments are due and how to best avoid interest for the end user - there are too many nice clear graphs and visual aids versus scary inscrutable banking words

    capitalism fucking rules man

    • Empricorn@feddit.nlEnglish
      414·
      11 months ago

      Of course, benevolent Apple doesn’t care about money, they just want to help people! Meanwhile they mark up cables to several times what they’re worth, solder parts to their motherboards as they fight against Right To Repair, lock people into their ecosystem, and are sitting on $167 billion USD…

      • Squizzy@lemmy.worldEnglish
        16·
        11 months ago

        If they sell a product that saves people money then they are not benevolent they’re profiting off the loss of profits of their partner.

        It’s not that they’re great people it’s that they designed the product so people would use it and associate themselves with their ecosystem while the banks designed the product to make interaction cumbersome. They both had profit in mind but they have different methods because they don’t serve the same function.