In the final part of this MacVoices Live! session, the panel of Chuck Joiner, David Ginsburg, Ben Roethig, Jeff Gamet and Web Bixby discuss Goldman Sachs’ reported $1 billion loss on Apple Card. We speculate on other factors like changing interest rates and their foray into the consumer loan business as possible explanations. Just for fun, we consider the idea of Apple potentially acquiring Goldman Sachs to expand into consumer finance. Regulatory challenges and the complexity of multinational operations are covered, as well as the role of existing banks in Apple’s international expansion plans for the Apple Card. (Part 3)
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Show Notes:
Chapters:
0:00:00 Goldman Sachs Loses $1 Billion on Apple Card
0:01:20 Transition: Becoming more active on the platform
0:02:09 Swinging Deals and Making Deals Work for You
0:03:40 MX and Amex: Changing Credit Card Dynamics
0:05:34 Apple Card and Goldman Sachs: Unique Partnership
0:11:11 Regulatory Compliance and Apple’s Potential Acquisition of Goldman Sachs
0:13:17 Apple’s Potential Partnership with Amex or Citibank
0:18:45 Different Cards Have Different Starting Numbers
0:19:09 Transitioning from MasterCard to Goldman Sachs Apple cards
0:20:24 The Failure of the Metaverse
0:22:01 Vision Pro: A Design Oddity
0:25:56 Google Glass: Value, Surveillance, and Data Collection Concerns
Links:
WSJ: Goldman Sachs wants to bail on Apple Card partnership after $1B loss, in talks with Amex
Lessons From the Catastrophic Failure of the Metaverse
Guests:
Web Bixby has been in the insurance business for 40 years and has been an Apple user for longer than that.You can catch up with him on Facebook, Twitter, and LinkedIn.
Jeff Gamet is a technology blogger, podcaster, author, and public speaker. Previously, he was The Mac Observer’s Managing Editor, and the TextExpander Evangelist for Smile. He has presented at Macworld Expo, RSA Conference, several WordCamp events, along with many other conferences. You can find him on several podcasts such as The Mac Show, The Big Show, MacVoices, Mac OS Ken, This Week in iOS, and more. Jeff is easy to find on social media as @jgamet on Twitter and Instagram, jeffgamet on LinkedIn., @jgamet@mastodon.social on Mastodon, and on his YouTube Channel at YouTube.com/jgamet.
David Ginsburg is the host of the weekly podcast In Touch With iOS where he discusses all things iOS, iPhone, iPad, Apple TV, Apple Watch, and related technologies. He is an IT professional supporting Mac, iOS and Windows users. Visit his YouTube channel at https://youtube.com/daveg65 and find and follow him on Twitter @daveg65 and on Mastodon at @daveg65@mastodon.cloud
Ben Roethig has been in the Apple Ecosystem since the System 7 Days. He is the a former Associate Editor with Geek Beat, Co-Founder of The Tech Hangout and Deconstruct and currently shares his thoughts on RoethigTech. Contact him on Twitter and Mastodon.
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