_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 10 months agoApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.comexternal-linkmessage-square196fedilinkarrow-up11arrow-down10cross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
arrow-up11arrow-down1external-linkApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.com_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 10 months agomessage-square196fedilinkcross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
minus-squareneutralpoliticsbot@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoWith the amount of cash Apple is sitting on they should just open their own bank or buy one
minus-squarefirelitother@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoBeing a bank opens Apple to a lot of regulations and liabilities.
minus-squareaxck@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoThey really shouldn’t. Tech companies should stay focused on their core products. GE pivoting into finance and banking ruined them. They used to be one of the biggest and most important companies in the world, now they’re a shell of a company.
With the amount of cash Apple is sitting on they should just open their own bank or buy one
Being a bank opens Apple to a lot of regulations and liabilities.
They really shouldn’t. Tech companies should stay focused on their core products. GE pivoting into finance and banking ruined them. They used to be one of the biggest and most important companies in the world, now they’re a shell of a company.