Apple's relationship with Goldman Sachs led to the creation of the wildly successful Apple Card, but post-launch friction and a change in priorities has crashed the relationship into the rocks.

tldr: Apple prohibits bullshit fees on their Apple Card that predatory lenders like Goldman rely on. Goldman isn’t able profit because they can’t fuck over customers, therefore they want out of the deal they have with Apple as the servicer of the Apple Card.

Boo fucking hoo, Goldman. Eat shit.

  • shanghaibebop@beehaw.orgEnglish
    1·
    1 year ago

    They went on a user acquisition spree via Marcus as well. Looks like it wasn’t as juicy as they expected.