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1. Ars Technica (arstechnica@mastodon.social)'s status on Thursday, 30-Nov-2023 01:46:32 JST Ars Technica

   Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card

   Goldman Sachs has lost billions of dollars on its consumer-focused businesses.

   https://arstechnica.com/information-technology/2023/11/report-apple-and-goldman-sachs-are-breaking-up-over-money-losing-apple-card/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

   • Smitty (josephsmith3130@mastodon.social)'s status on Thursday, 30-Nov-2023 01:53:48 JST Smitty

     in reply to

     @arstechnica it makes zero sense to me. iPhones are hacked routinely now. Why have your bank on the wrong side of that firewall?

   • AdhadujDGn (zgzynadumv@mastodon.social)'s status on Thursday, 30-Nov-2023 01:56:08 JST AdhadujDGn

     in reply to

     @arstechnica “Executives also partly blame Apple for regulatory issues that Goldman has had with the Consumer Financial Protection Bureau”. This was likely the result of them making its very difficult to payoff the balance. They attempted to force only minimum payments. For a while, if you wanted to pay more than the minimum it was only possible via phone call and argument with a Goldman rep. Apple resorting to this type of tactic is indicative of their fear of a long term revenue slump.

   • MaybeMyMonkeys (maybemymonkeys@mastodon.social)'s status on Thursday, 30-Nov-2023 02:09:40 JST MaybeMyMonkeys

     in reply to

     @arstechnica Goldman Sachs on the wrong end of a deal. Boo Hoo.

   • iSpaceMonki (ispacemonki@mastodon.social)'s status on Thursday, 30-Nov-2023 03:18:49 JST iSpaceMonki

     in reply to

     @arstechnica no wonder they have been super weird recently. After that first article where it was reported that GS was super pissed about how the card benefits customers I knew the bankers were going to destroy it. Big banks are terrible at being people because they think the economy should only benefit them.

   • Garret :bongoCat: (garretble@mastodon.social)'s status on Thursday, 30-Nov-2023 04:14:56 JST Garret :bongoCat:

     in reply to

     @arstechnica If Goldman thinks I'll switch over to another card they back after this breakup they should think again.

     My allegiance to them ends at this card.

     I just hope the transition is smooth.