cyruseuros

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  • 16 Comments
Joined 3 years ago
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Cake day: February 26th, 2021

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  • That could be true, I don’t know honestly.

    But then it’s an issue of bad fee structures, or rather overestimating defaulter numbers. It’s not like the amount of money you make from fees reduces as your interest earnings go up, so - if this is indeed the cause - the only thing I can conclude is that to meet their total projected earnings they assumed people would default en masse. Bad long term business and slim margins if you ask me.

    At the same time I have a hard time not drawing a parallel between this and GS Marcus. Apple had nothing to do with the latter and both went under (effectively), with both being forays into regular consumer services for GS.

    Then again I’m just an armchair general. What do I know.





  • Truth be told, once I made myself live without extensions for a week, I realized I never needed them in the first place. Gnome has a way of making you discover a slightly different way of doing the same thing that in hindsight just works better with the overall system than an extension would.

    But to each their own…