Discussion

• @counternotions@mastodon.social @counternotions@mastodon.social on mastodon

  Turns out retail banking at scale is...hard, who knew!  —  https://www.wsj.com/...

• @mbrkhrdt Michael Burkhardt on x

  Apple Card partnership with Goldman Sachs will be ending within the next year or so. Curious who the next partner will be, or if Apple will just give up

• @maxwinebach Max Weinbach on x

  I bet you Apple Financial Services takes it over

• @snazzylabs @snazzylabs on x

  Goldman sucks but Apple could do a lot worse partner-wise. Hoping the AMEX rumor turns up true.

• @pitdesi Sheel Mohnot on x

  Wow. The Apple Card was one of the best fintech launches ever. I suspect that it was never really a good deal for Goldman to begin with, & comes with a broader consolidation in their consumer book. Wonder who will step in!

• @apollozac Zac Hall on x

  new apple tv series on goldman sachs' role in the great recession and housing crisis coming soon

• @kirillzubovsky Kirill Zubovsky on x

  Could it be that Goldman is forecasting a massive inability to pay and is trying to distance itself before it happens? They literally have all the card data.

• @pitdesi Sheel Mohnot on x

  Wow. The Apple Card was one of the best fintech launches ever. It was never really a good deal for Goldman to begin with (cost them >$1B), & comes with a broader consolidation in their consumer book. Wonder who will step in!

• @t3dotgg Theo on x

  ...all of my savings is in my Apple x Goldman account. Lmao.

• @katebevan Kate Bevan on x

  This is interesting - I always thought this move into financial services was an odd move for Apple

• @imethandevries Ethan DeVries on x

  @KobeissiLetter I hope @Apple continues its service through another vendor. Our family almost exclusively uses @AppleCard for its security, privacy, budgeting, and savings features. We absolutely love the card. Would be sad to see the service end.

• @brandonbutch Brandon Butch on x

  And there it is: Apple has ended their partnership with Goldman Sachs for the Apple Card https://www.wsj.com/... $AAPL $GS [image]

• @andrewjclare Andrew Clare on x

  According to @WSJ Goldman Sachs is ending its relation with Apple. I would absolutely hate for Apple to cancel the Apple Card. It's the best credit card experience I've ever had 😔 Hopefully another company takes this over! Are you an Apple Card user? [image]

• @tailosivetech @tailosivetech on x

  This deal was too good to be profitable. That's why I'm glad I did it, and made so much along the way. Prepare for more points and gimmicks to come to AppleCard... [image]

• @kobeissiletter @kobeissiletter on x

  BREAKING: Apple is shutting down its credit card partnership with Goldman Sachs.  According to WSJ, the contract will be terminated within the next 12 to 15 months.  The exit will cover their ENTIRE consumer partnership which began in 2019.  This includes shutting down the saving…

• @protosphinx @protosphinx on x

  If Goldman can't make a card work sitting on Apples infra - then nobody can. Surely not a fintech launching its own b2c cards.

• @lukemiani Luke Miani on x

  Very curious to see what will become of the Apple Card. It's nothing special but very user friendly and virtual CC numbers are great. I had my info leaked and a fraudulent charge on my card, and over text I was able to get my number changed - all without needing a new card

• @kifleswing Kif on x

  Apple spox: “Apple and Goldman Sachs are focused on providing an incredible experience for our customers to help them lead healthier financial lives.  The award-winning Apple Card has seen a great reception from consumers, and we will continue to innovate and deliver the best too…

• @caro_milanesi Carolina Milanesi on x

  This is huge considering that it appears Apple does not have an alternative. Not sure what it means for card holders like me

• @brandonbutch Brandon Butch on x

  More info on the Apple Card partnership ending with Goldman, per WSJ: “Goldman has discussed with American Express the possibility of handing over the program to the card giant. Amex expressed concern about several aspects of the program, including its loss rates, and it's not...

• @maxwinebach Max Weinbach on x

  Holy crap Who do we think is going to take over the debt and lend for it, or do we think it's dead?

• @rsgnl Joe Rossignol on x

  Apple Sacks Goldman Sachs

• @sdw Sebastiaan de With on x

  @SnazzyLabs Ehhh I basically only use my amex and the Apple Card because it's accepted places the Amex isn't. :(

• r/apple r on reddit

  Apple Pulls Plug on Goldman Credit-Card Partnership