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Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’ (9to5mac.com)

submitted 1 year ago by cantankerous_cashew@lemmy.world to c/apple_enthusiast@lemmy.world

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[–] pacology@lemmy.world 14 points 1 year ago

Goldman is in talks with American Express for the sale of their credit card division. If that happens, American Express will likely become the network for Apple Card. It kind of makes sense because Costco leaving American Express was a big blow to them. But, it will be less than ideal because not everyone accepts American Express.