teonyc

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teonyc
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  • Apple's new Apple Card & Goldman Sachs statement doesn't clarify things at all

    teonycteonyc
    jimh2 said:
    The due date of the bills is not relevant as some cards already allow you to pick your own payment due date. It’s significantly easier to know a bill is always due on the 1st. 
    Actually a single due date puts a lot of pressure on the servicing partner (GS) since all bills and processing must be done at the same time. Regardless of when you set your personal due date the larger customer base is spread over the whole month.

    I'd add that the issue is that Apple reportedly pushed for nearly 100% acceptance on applications for the card, and that bad debt and late payments are what is hurting the partnership and is likely the challenge for another firm to take over. The cost of providing the cash back plus the other perks are mad up in swipe fees that ultimately are borne by retailers. My guess is we'll see much more strict hurdles for new applicant and likely some aggressive trimming of current customers. Lets face it if the benefits to the financial services partner was so great, everyone would be jumping to take over the card.
    muthuk_vanalingam

  • Apple's AirPods fail to earn Consumer Reports recommendation, beaten by Samsung's Galaxy B...

    teonycteonyc
    My experience is that they are anti-design-first brands. They hate Dyson as well. Yet I’ve been screwed by buying their recommended Shark that couldn’t do half of what my Dyson can. 
    bigpicswatto_cobra

  • Facebook reportedly fined $5B over Cambridge Analytica fiasco

    teonycteonyc

    MplsP said:
    rob53 said:
    I'm trying to figure out why Democrats objected to the fine and/or amount. From what I remember about this fiasco, it was pretty clear cut what Facebook did and the way they abused all sorts of things. I'd like to know why each political party felt the way they did. 
    Yeah, I noticed that too. For a partisan split it was opposite of what you typically see. The reasons I can think of:
    - fine too big
    - fine too small
    - there was no other ongoing punishment or action to change the operations
    - they did it just to be partisan and vote against the republicans
    - they're totally find with Facebook's lack of respect for people's privacy
    - Mark Zuckerberg was a big campaign contributor.


    A simple search of any number of other articles (from Politico to the WSJ, to NYT) would have given you the answer: It was because the fine was too low. It was a gift and won’t do anything to deter future problems.  
    sphericronnlolliverwatto_cobra

  • Facebook reportedly fined $5B over Cambridge Analytica fiasco

    teonycteonyc
    JWSC said:
    Even for Facebook, that’s gotta hurt.
    Nope.
    At less than 1% of market cap, and about 11% of 2018 gross profit, it’s a mere slap on the wrist—especially since there was no requirement to change their fundamental practices, nor hold any officers accountable. This is why Democrats objected. To quote Democratic Rep. David Cicilline (R.I.), chairman  of the House Judiciary Committee, “The FTC just gave Facebook a Christmas present five months early."
    sphericronnlolliverwatto_cobra

  • MacBook Air 2018 Review: Apple's most popular Mac gets an impactful upgrade

    teonycteonyc
    MacBook Air is an enticing machine. It fits squarely between the MacBook and the MacBook Pro, with tradeoffs of course. 

    But at the same price point of $1,299, the tradeoffs come in the form of computing power, size, weight and battery life. For many, the Pro will be the better investment with better CPU which almost guarantees longevity. 
    chasmwilliamlondonAvieshek