Originally Posted by
jags86
2) This isn’t about getting people who spend $50k plus onto the Apple Card, it’s about generating further adoption of Apple Pay and locking you further into the Apple ecosystem.
You are right with this. It is all about Apple Pay traffic and the future for more people to buy more phones.
I do not think Goldman will ever want to build its retail business. One trader can just make $10MM and they do not need to hire thousands people to build its retail business. I just do not know how long the Marcus venture is going to go....