35 Burst results for "Paypal"

Inflation hovers over shoppers heading into Black Friday

AP News Radio

00:50 sec | 4 d ago

Inflation hovers over shoppers heading into Black Friday

"Retailers are anxious to see if inflation will curb spending for Black Friday shoppers, rising prices for food, rent, gasoline, and other household costs have taken a toll on shoppers, and many are reluctant to spend unless there's a big sale. There are also more selective about what they buy. Some shoppers are also dipping into their savings and are turning increasingly to buy now pay later services, such as after pay and PayPal's 6 months no interest, some pandemic habits are sticking around, major retailers including Walmart and target again close their stores on Thanksgiving Day, and many moved away from door busters, the deeply marked down items offered for a limited time that drew crowds, instead the discounted items are available throughout the month on Black Friday or the holiday weekend. I'm Donna warder

Paypal Walmart Donna Warder
"paypal" Discussed on The Product Podcast

The Product Podcast

07:55 min | Last week

"paypal" Discussed on The Product Podcast

"You're listening to the product podcast from product school, featuring the best product leaders from Silicon Valley and beyond. If you're an aspiring product manager, looking for your first p.m. role or an experienced p.m. looking to level up your skills and adventure career, visit product school dot com to learn about our certifications and how we'll get you there. It's the difference between postponing your launch in three languages and rocketing to number one in the app charts. Localize helps you adapt software, sites and apps to new languages and cultures up to 90% faster. Discover the localized difference at localized dot com. Today, we're going to take a closer look at one specific product field, FinTech, PayPal group p.m., nausea, chola varum, is here to share what he has learned in his 15 years of experience working on financial and ecommerce products, and what it takes to foster innovation while minding regulations. Hello everyone and welcome to my talk on product management in the world of FinTech. I am not sure the bottom. I'm a group product manager at PayPal. So today I want to talk about what is specially FinTech. What makes FinTech special will dig into a couple of items on things that are especially important to fintechs such as trust and regulation, ecosystems, as well as value chains. We'll finally talk about what makes a great FinTech product and how you can make one. And then I'll leave off with a few key takeaways. So what is FinTech? FinTech, the word is a portmanteau of the words financial and technology. And the textbook definition of FinTech is the use of technology to deliver or accelerate the delivery of financial services to consumers and businesses. Now, you may ask, in this day and age, how is that different from what every other company does who's offering financial services? And the fine point there is that you have all players who are offering things in a new way and you have new players who are offering which were specifically old things. Now, for example, banks and credit unions and other financial services companies are offering their services through apps and through various technology channels. And you have new players which are mobile first who are, for example, mobile native or especially on the technology side who are offering now what are previously services that were only offered by banks and financial services companies. So there are a few things I believe are very core to a FinTech product. At the very core, the number one thing is when you're offering to deal with other people's money, ideally foundationally, you're offering a trusted intermediation service. This is something which is critical and your users expect trust to be at the core of a financial product. Whether it be that the money is being sent to you for savings for spending for investment, the primary function of a FinTech product is to provide trust in addition to whatever value add that it brings. The second core important thing about FinTech products and financial services is the outsized economic impact that they have. Not only in the U.S. where the Federal Reserve is responsible, for example, for licensing all banks and financial institutions, but worldwide, it's always a Central Bank or a state regulator or a central federal regulator responsible for licensing the promulgation of financial services, this is primarily because monetary policy is a tool for most governments and they use banks as well as financial services companies to set interest rates to set monetary policy and other economic tools. A third important thing with FinTech products is the importance of financial health to the product and how the user experiences itself is tied to financial health. A product that helps improve your user's financial health is going to have a huge impact on how your users view and use your products. For example, if it was a product that helped your users save money at the end of every pay period and help this money grow, this would have an outsized impact in the lifetime of your users. And a lot of the reason why there's a lot more regulation is also because of the impact to financial health of most consumers. And finally, I think the most important thing about FinTech is the time tested ecosystem that exists. There's a long history with regards to money and the exchange of value. And there have been complex networks and partnerships that already exist that help move money, help underwrite most activity and also provide data as well as as it pertains to FinTech products. In the real world, a lot of business is done on a handshake. And in some ways, FinTech companies, aspired to do so in the online world or in the virtual world as well or in the digital world. With regards to trust, your largely handling other people's money. Now, that court reminds me of a movie by Danny DeVito, with the same name where his character has a code which goes the only thing I love more than money is other people's money. And it's those kind of characters and that thinking that you would want to keep right outside your platform or your product if you have a financial services or FinTech product. As we discussed earlier, trusted intermediation is foundational. And a lot of the regulation that exists within the financial services industry largely exists to ensure that trust and fairness is maintained. And people can trust the financial services to hold their money to help them grow it and help them spend it. Another important factor, as I said, was the criticality of regulations and compliance when offering your financial services or FinTech product. For example, a product that meets all your customers needs has is extremely innovative. It may still fail if it fails to meet the requisite rules and regulations required by the state and country that you operate in. So as a FinTech p.m., it's important to be aware of the regulations that may apply to your specific domain. Well, it's not necessary that you know all the regulations and in effect become sort of a regulatory liar, but it's more important to just have the expertise to know how and to a large extent just the intuition which sometimes is developed with a lot of experience to know when a certain aspect is going to be it's going to require compliance or any regulatory approval. As a FinTech p.m., your work will span the front end, the back end and the back office. Now, let me explain what I mean by this. Everyone's

chola varum PayPal Silicon Valley nausea Central Bank Federal Reserve Danny DeVito U.S.
Why Everyone Should Terminate Their PayPal Accounts

The Dinesh D'Souza Podcast

02:13 min | 3 weeks ago

Why Everyone Should Terminate Their PayPal Accounts

"PayPal comes out with their so called anti misinformation policy. Here we go again. And so many other tech platforms apparently PayPal thinks it is the job of a payment processing company to monitor misinformation. Wow. And this is the kicker PayPal set that if you abuse this policy against misinformation. By the way, let's look at what their definition of misinformation is. Some of it is unobjectionable. They talk about promoting illegal drug use or depicting explicit nudity or sexual activities promoting violence, criminal activity. I get all that. What I'm interested in debating that. But quote, you can't post things that are harmful or obscene. You can promote postings that depict promoter inside hatred or discrimination of protective groups, which are then specified groups based on quote protected characteristics. Such as religion, gender, gender identity, sexual orientation, race. You can not promote information that is quote fraudulent. Or promotes misinformation. Now, some of this, as you can see, is very vague. And the definition of misinformation comes by and large from fact checking groups that themselves promote misinformation. And PayPal says that if you do this, they can take out $2500 from your account. What? So there was an uproar over this, and PayPal kind of backed up. And they said, oh, no, no, no, no, no, we sort of posted that in error. And then people noticed that shortly after the that died down, people thought, okay, if we PayPal has come to its senses, a papal PayPal repost the policy as if to say, well, now that we've kind of cooled you guys down, we're going to still do it. Wow. The former president of PayPal, David Marcus, he goes, he calls the policy quote insanity. He says, now a private company gets to decide to take your money. If you say something, they disagree with. So yeah, that's the heart of the issue right there.

Paypal David Marcus
"paypal" Discussed on Bitcoin Magazine Podcast

Bitcoin Magazine Podcast

04:55 min | Last month

"paypal" Discussed on Bitcoin Magazine Podcast

"P is that. He's a cyborg. I'm genuinely trying to see what the line is on PayPal. Of will me bullying pee on this show. Cause. Me to be fine. $500. Thanks for more than that. You've seen my Bitcoin wrench with all the knives taped to it. I'll fuck you up. I do still have a Venmo account. You don't have a PayPal account, but I do have venom. I have too many army friends.

PayPal
"paypal" Discussed on The Charlie Kirk Show

The Charlie Kirk Show

03:49 min | Last month

"paypal" Discussed on The Charlie Kirk Show

"And so now, PayPal completely captured by the wookies, their new thing is an assault on disinformation and misinformation. Anytime you hear that term misinformation and disinformation, you got to press pause because of course they never talk about the outward disinformation put forward by the CDC. The NIH, the public health officials, Pfizer, AstraZeneca, Johnson & Johnson, or Moderna, the disinformation that was spread by the FBI or the Intel agencies when it came to Hunter Biden's laptop. No, they used disinformation as a way to try to punish conservatives for asking questions. Even though things that they have called misinformation and disinformation repeatedly over the last year and a half have a tendency to become true, Hunter Biden's laptop, Trump getting spied on the originations of the Wuhan virus, which they used to say that saying the Wuhan virus came from the Wuhan institute of virology institute of virology used to be misinformation. Well, now it is true. It's facts. So PayPal is doing the bidding of the regime. The PayPal knows exactly what they are doing. And they are participating in their pincer movement. Public private squeeze, which honestly is fascism. It's hilarious. They call us fascists. They are the fascists that are the ones that use government power and private sector power in a simultaneous coordinated fashion to try and squeeze us out and suffocate modern everyday Americans. Now PayPal has retreated from their policy because of the backlash, but we have to make PayPal suffer. Cancel their account, refused to ever use it again. We're going to put on Charlie Kirk dot com. We're going to repost an article. This is how to cancel your PayPal account with specific steps someone says Charlie, I can't delete PayPal. Well, we're going to give you the steps of how to do it. PayPal has decided to say that they're going to steal your money, your property, if you put forward opinions that they don't like. A lot of people are asking us freedom at Charlie Kirk dot com, but what do I do if not for PayPal? There is one company I'm aware of. I don't know if they do everything PayPal does, but I know they do a lot. It's cornerstone payment systems dot com. They've been a sponsor of this program previously. We use them for a couple of things. Again, they're Christian owned, they're wonderful. They're not going to do what PayPal does. I can endorse them to what we need them for, which is just basic payment processing for donations and for support and for just let's just say activity on the Charlie Kirk show page. So cornerstone payment systems dot com. Also, you have to stop using Venmo, that's owned by PayPal. You have to stop using GoFundMe, part of the strategy. That is now employed by the collectivists and the progressives. Is to go after your money. They want you to be less free, for example, we got one email here. Charlie on my side hustles and the stuff I do to earn a living, go through PayPal. How do I get around that? These websites are top earning websites, and I don't know what to do. I'm stumped. I want to show I don't like PayPal, but I also need money I earn help please. That's exactly right. They have you handcuffed. I don't have an answer to that. If you need to use PayPal, then you have to use PayPal. But isn't that interesting for all the market Puritans out there? Oh yeah, the market will only solve it. Oh, really. Will they always solve it? Interesting. We at least have 500 emails we've received more or less. A couple hundred of people that have successfully canceled their PayPal account already do it now. Cancel PayPal? Cancel Venmo, there's other options out there. I think Zelle is okay, but they're owned by the big banks too. Okay, Doug mastriano joins us.

PayPal Hunter Biden Charlie Kirk Wuhan Wuhan institute of virology in Moderna AstraZeneca Johnson & Johnson NIH Pfizer CDC FBI Trump Intel Venmo Charlie Doug mastriano
The Arranged Marriage Between the Wokies and Big Business

The Charlie Kirk Show

02:11 min | Last month

The Arranged Marriage Between the Wokies and Big Business

"A an arranged marriage that has happened. Where the wokes take over these companies. And I think a lot of this happened post 2008. Post 2008 with the occupy Wall Street economic Marxism that was starting to resonate with the American people, Wall Street, and big companies started to get very nervous. Now, they were able to successfully thwart a lot of the complaints of occupy Wall Street, even though ironically, a lot of the complaints of occupy Wall Street were actually legitimate. It just got taken over by such pure, unadulterated Marxism. It became unpopular for all people to all normal people to tolerate and especially those of us that have some sort of love for western civilization we found it to be disgusting how occupy Wall Street and zuccotti park in New York quickly became that of a Bolshevik moment, but the complaint of occupy Wall Street was the banks have not been held accountable. No one has gone to jail. Wire taxpayers funding and bailing out Wall Street and Wall Street was getting very nervous. Well, then after they were able to weather that storm, the woke east decided to take a page out of Herbert marcuse's book, Herbert marcuse, of course, Frankfurt school, came to America, wrote one dimensional man amongst many other pieces of literature, and he argued in the mid 1960s that the American middle class was integrating itself far too successfully into a capitalist society that the middle class was getting very wealthy, they were able to buy homes, air conditioning, dishwashers, their standard of living was increasing dramatically, and that economic Marxism wasn't as popular as they would have liked to believe. So therefore, the Herbert marcuse argued that there needs to be a new type of Marxism as James Lindsay calls it race Marxism, fast forward to the 90s, Derek bell writes intro to critical race theory, and the woke his adopt this and they take over the major institutions, and this was a much easier pill to swallow if you're Goldman Sachs. If

Herbert Marcuse Zuccotti Park Frankfurt New York James Lindsay America Derek Bell Goldman Sachs
"paypal" Discussed on The Charlie Kirk Show

The Charlie Kirk Show

02:58 min | Last month

"paypal" Discussed on The Charlie Kirk Show

"Now needless to say, I hope if any of you watching right now, I hope you proudly and I hope you quickly terminate your PayPal account right now. You have got to get off PayPal immediately. I hope PayPal goes bankrupt. I hope that they suffer greatly for doing this. They say, oh, it was a mistake. Oh, really? Was it mistake? How did it get through vetting of your, you're a multi-billion dollar company? PayPal did $25 billion in revenue last year. They have 426 million users. They have $75 billion in total assets at PayPal. Can you explain to me then? How PayPal was able to accompany that big get the acceptable use policy vetted through HR through legal? Was it just some intern that had a typo, of course not? No, no, no. This was planned. This was coordinated. They were just shocked that the world didn't accept it immediately. Like, oh, yes, of course we should just steal people's assets away if they engage in misinformation. You know, why wouldn't we just take their money away if they say things that we don't like? And this is important. The government can't do this. If the government came and took your money without due process, you'll be able to sue and get that money back. Of course, you could eventually have funds taken away with civil asset forfeiture, which by the way is constitutional constitutionally questionable at best. But the point is that there is a methodology to it. Now, private actors to just take your stuff without you even recognizing it or realizing it. This is a Bolsheviks dream. And many people on the old right would say, well, you know, it's the market, the market will always just sort it out. That is rubbish. The new right needs to recognize that this pincer movement on both sides from the DoJ and the FBI from Facebook and Google are coming together to squeeze out conservatives and I have to ask the question, where are the Republicans? Where are the red state Republicans that are going ahead of the curve? Forget the federal government. Federal government will waste the time. Where are the governors? Where are the state legislatures that are realizing, it's not just the Biden administration that's coming after patriots. It's the private actors too. It's a simultaneous squeeze. Against the decent patriots in our country. Where are the state attorney generals? Where are the Republicans? Look, in the good old days, we Americans argued about which policies to pursue to improve this beautiful country. Charlie Kirk here, too often we find ourselves arguing about whether or not America is great or not, or whether we should be ashamed or whether we should love America. The reason for this is simple for too many years too many of our schools have been neglecting to teach young people about our great heritage of liberty, presenting them instead of dishonest narrative of America as a fundamentally unjust or racist country..

PayPal red state Republicans Biden administration federal government patriots DoJ FBI Charlie Kirk Facebook Google America
PayPal Sets Social Media Ablaze With Major Change

The Charlie Kirk Show

01:51 min | Last month

PayPal Sets Social Media Ablaze With Major Change

"This weekend, PayPal of all companies came out, and they made a new announcement. PayPal said that the new acceptable use policy is that if you send posts or publish any message or content that promote misinformation, that you might be subject to a 2000 $500 fine. And that PayPal would automatically debit it from your account. Automatically. The policy was originally slated to go into effect on November 3rd. But after massive backlash on social media PayPal withdrew it. But the question is, this wasn't some typo. Former president of PayPal David Marcus said it's hard for me to openly criticize a company used to love and gave so much, but PayPal's new acceptable use policy goes against everything I believe in. A private company now gets to decide when to take your money. If you say something to disagree with. PayPal immediately rolled back its policy and the company told media outlets PayPal is not finding people for misinformation in the language was never intended to be inserted into our policy. Really, well, who wrote it? Who published it? So you guys go through a process of publishing and acceptable use policy, like, oh, actually sorry, we don't mean it. Now, are they sorry about what they published or are they regretful that they got caught? Those are two very different things. PayPal says that the policy update went out in error that included incorrect information. Continues by saying that despite PayPal's about face, the damage was already done. Elon Musk responded to Marcus's tweet saying, agreed, obviously, Elon Musk being one of the original cofounders of PayPal. PayPal stock declined on Monday, adding to its Friday decline of 4% the stock is down more than 50% year to date.

Paypal David Marcus Elon Musk Marcus
Most Conservatives Would Say Gov't Is the Biggest Threat to Freedom...

The Charlie Kirk Show

01:53 min | Last month

Most Conservatives Would Say Gov't Is the Biggest Threat to Freedom...

"You know, most people in the conservative movement would say that government is the greatest threat to our freedoms. It's hard to disagree with that. The FBI is going after pro life leaders all across the country. The Department of Justice is going after political dissidents, Steve Bannon, Peter Navarro and many others. They rated Mar-a-Lago and took documents way outside of the purview of what they were allowed to get. Now, I would say that people in the traditional right, people in the old right, they get government tyranny pretty well. They're able to describe it. They talk about how the progressives violated separation of powers and consent to the governed on how Woodrow Wilson and John Dewey and many others threw away the kind of promise of the American constitution and they tried to write a new constitution because they basically believe thanks to technology, a new era is here. I think all of that is great and it's important to remember it and to repeat it and to clarify that. But one of the things that frustrates, let's just say those of us on the new right, the maga right, the America first movement. Is when people fail to recognize and realize that it's not just government that is coming after our freedoms. We must recognize that the threat landscape is not just in the FBI the CIA the Department of Justice, the IRS, or the EPA, and the fourth branch of government. No, there has been an effort, a movement to create an extra constitutional method to take your stuff, to silence you and violate your rights. This movement has been at work for over a decade. Now, we talk about the woke mind virus. We talk about critical race theory, post post structuralism. We talk about all these different factors coming together and how they are able to be implemented into all major institutions in American society.

Steve Bannon Peter Navarro EPA IRS CIA Woodrow Wilson FBI John Dewey Fourth Branch Department Of Justice Over A Decade First Movement ONE American America -A-Lago MAR Government
"paypal" Discussed on The Breakdown

The Breakdown

08:17 min | Last month

"paypal" Discussed on The Breakdown

"And Solana NFTs. When you trade NFTs on FTX, you pay no gas fees. Download the FTX app today and use referral code breakdown to support the show. Now, as you might expect, this policy generated a lot of discussion not just about PayPal. But how it might reflect a type of future that we could be headed into. King blackboard writes small taste of what PayPal can and will do makes an MF or think real long and hard about what a government CBDC could do. James levis said you think PayPal is bad, wait until you see what they can do with CBDCs. Benny Johnson a hosted newsmax said people PayPal just showed you what they're planning on doing to you. Don't believe the oh, we sorry mistake. Bullshit. Social credit is coming to America. Dave column of professor at Cornell said that PayPal has backed away from their plan to dock your bank account up to $2500 for posting misinformation on social media is a bell that can not be on wrong. It is foreshadowing of authoritarianism. Possibly unstoppable. It was a good run to now. Now, as you also might guess, there were a lot of Bitcoin fixes this tweets. Frankly, much more appropriately to mostly when we say that. Santiago Santos, a co host that the empire podcast that blockwork said, PayPal censoring speech and blocking payments is the best thing that has happened for the adoption of crypto payments with stablecoins. At this rate, web three adoption will happen more because of the reckless actions of web two companies. Judica, the head of OTC trading at kraken says, and the Bitcoin store of value versus method of payment debate, PayPal may single handedly invigorate the method of payment use case. January writes, but PayPal and other payment providers work for me. Why would I need Bitcoin? Well, this is why. Preston pitch says thank God these companies are getting arrogant. The world needs them to fail. There are way better options. Finally, udi wertheimer writes, PayPal threatening users with 2500 penalties for holding the wrong opinions is a good reminder for why we Bitcoin. Modern payment tech like Apple Pay is really great most of the time, but the only way to keep them honest is to maintain an alternative. Now, if you follow American politics, you may notice that some of the sources that I quoted today are fairly standardly on the right. But I don't think it's partisan to be concerned about this sort of overreach. In fact, I think it would be a pretty big mistake if you are on the left to dismiss these concerns as just the same sort of GOP big tech screamers or to just lump it in with the maggots still mad about Trump getting kicked off Twitter. This is an example of something that could plausibly be written off as private companies being allowed to do what they want and then quickly normalized. But with much scarier consequences if the principle underlying is expanded to more companies and just becomes an expected part of the Internet money experience. Speaking of CBDCs, around the world they continue to be a hot focus for governments. On Friday the reserve Bank of India published a 50 page concept note for the introduction of their CBDC. The document is the first comprehensive report from the RBI's FinTech department, which was formed in 2022 and lays out the intended design features of the CBDC. The digital rupee is envisioned to be quote substantially not different from banknotes, but being digital, it is likely to be easier, faster, and cheaper. The Central Bank's report stressed the importance of identifying, quote, innovative methods in compelling use cases that will make CBDC as attractive as cash, if not more. The RBI stated intentions in creating a CBDC are reducing operational costs involving physical cash management, fostering financial inclusion, bringing resilience efficiency and innovation to the payment system, boosting innovation and cross border payments, providing the public with uses that any private virtual currencies can provide without the associated risks and offering availability and resilience benefits when electrical power or mobile networks are not available in remote locations. And this is a big one, right? The bank views the CBDC is offering the benefits of cryptocurrency without the risks of using privately issued cryptos. Quote, the inherent design of cryptocurrencies is more geared to bypass the establish and regulated intermediation and control arrangements than play a crucial role of ensuring integrity and stability of monetary and financial ecosystem. In addressing system design, the RBI said it would launch both retail and wholesale CBDCs with the retail version being token based to better emulate the qualities of cash. A pilot program will take place later this year, according to the deputy governor of the Central Bank. Now that line and the intent in this report, about an Indian CBDC effectively being a replacement for private cryptos. Goes a long way to show why when it comes to cryptocurrency, a list of specific technical features might not be the best way to understand how it compares to something like a CBDC. Instead, and in the context of this PayPal discussion, you have to ask where any given crypto falls on the censorship resistant scale. There will of course be many cryptocurrencies and tokens that are focused on use cases where they don't particularly care about censorship resistance. But the actions of PayPal and the desires of central banks suggest for why it's important to have some cryptocurrencies, even if it's just Bitcoin that actually do care about that censorship resistance. Chatter about CBDCs is increasing in the U.S. as well. Last week, John Lipsky, the senior director of the Atlantic council, spoke with coin desk, and voice concerns about the U.S. dollars reserve currency status if the U.S. can't get a CBDC policy delivered in a timely manner. Quote, while the dollar is not in any risk at the moment over a long time period, three to 5 to 7 years, there could be a fracturing of the international financial system. Lipski wasn't so much concerned about another currency taking the dollars place, but rather a quote real splintering of different means of transactions, not just dollar based. The Atlantic council maintains a website showing global progress on CBDC policy, which shows that 105 countries representing 95% of global GDP are exploring the creation of a CBDC. Obviously as we see with India, some countries and regions are pushing well ahead of mere exploration. Last week, a bank for international settlements research project concluded among 20 Asian commercial banks, settling 22 million in foreign exchange transactions using CBDC infrastructure. Lipski said, quote, we haven't seen that before. We've seen the technology tested. We've seen the hypothetical settlement, but we haven't seen actual money in a serious amount flowing between countries. Now lipski also laid out his view on how the U.S. should engage with the reality of CBDCs being rolled out within the next few years, suggesting that the U.S. could act as a leader in the space by creating a CBDC that is quote cybersecurity protects privacy and delivers near instant settlement. Quote, we're the dollar where the issue of the world reserve currency and other countries that are in a further state of CBDC development would say to themselves, well, we should probably be aligned with what the U.S. and what the ECB is doing. Now as for me, I have real questions about whether the U.S. dollars long-term role as a settlement currency, and as a reserve currency is going to be predicated on whether it gets these new sort of digital features. It's not impossible that it plays a role, certainly convenience, finality of settlement, speed of settlement, do matter. But it seems likely to me that the dollars ultimate place is going to be as much about what else is available, shifting geopolitical alliances, and the weaponization of currencies as a specific diplomatic and even military strategy. One of the biggest questions for folks who are exploring a U.S. CBDC is to what extent the privacy protections that basically everyone who talks about this in any meaningful way right now articulates being important. If you ever hear fed chair Powell talk about a CBDC, he makes sure to say that the privacy preservation aspect of that is enshrined. The question is how? Would the U.S. want a scenario where it says its private but actually has back doors? Because of bank secrecy act and KYC concerns, or would it actually use technology that represented true unimpeachable privacy? It's hard to imagine that, but that might be the fight that we're having as a U.S. CBDC moves farther down the line. There's also of course the question of who ultimately authorizes the U.S. CBDC. That's one where the Federal Reserve has been very unwilling to put that power on themselves. And instead kicking it over to Congress. Right now in Congress, the remains a lot of skepticism about a U.S. CBDC. Particularly from the congressional Republicans who are most involved in the crypto space as well. But I tend to think that it's a debate that's barely begun. The good thing about that, if you are interested in these questions, is that it's easier to shape the discourse now basically than it ever will be again. So my recommendation would be start tweeting, start writing, start advocating, and generally get involved. For now I want to say thanks again to my sponsors next to IO, circle and FTX, and thanks to you guys for listening. Until tomorrow be safe and take care

PayPal CBDC RBI U.S. Solana NFTs King blackboard James levis Benny Johnson Dave column Santiago Santos blockwork Judica Preston pitch udi wertheimer Lipski FinTech department newsmax Central Bank Bitcoin
"paypal" Discussed on The Breakdown

The Breakdown

07:31 min | Last month

"paypal" Discussed on The Breakdown

"The breakdown is sponsored by nexo IO, circle, and FTX, and produced and distributed by coin desk. What's going on guys? It is Monday, October 10th, and today we are talking about the dust up with PayPal over the weekend. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review or if you want to dive deeper into the conversation. Come join us on the breakers Discord. You can find a link in the show notes or go to bit dot LY slash breakdown pod. Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. All right folks, how are you? I hope your weekend was lovely, and that you are ready for another fun week in markets. Now, you'll remember that last week, market started quite optimistically. There was a two day rally that had everyone excited. However, it was for nought. And by the end of the week, the fed had trotted out a slew of officials to disavow investors of any remaining optimism. This week, stocks opened lower, and there are a few things going on with the rough start. The first, of course, is that people are still focused on what the fed will do next. And assimilating all the information from speakers we got last week. Goldman Sachs wrote, we continue to expect that the fed will hike by 75 basis points in November, 50 basis points in December, and 25 basis points in February to reach a terminal forecast of 4.5 to 4.75%. Drags on growth and inflation from a stronger dollar and slower global growth should help keep the economy on a below potential growth path and make it noticeable if partial contribution to lowering inflation. TLDR more of the same. And no fed pivot. However, this week markets have a slightly different focus. Third quarter's earnings season is beginning and it's putting a spotlight on what may be the outcome of the inflation fight, which is the risk of recession. There is a sense that markets haven't been fully pricing in the hit to growth and earnings that would come with a recession, and so some are wondering if these earnings will start to show some of that weakness. This week we see reports from companies including PepsiCo, Walgreens, BlackRock, JPMorgan Chase, and Wells Fargo. And this earnings season is starting on shaky ground. The S&P 500 has moved more than 1% in 11 of the past 14 trading days, which is the most in that time frame since April 2020. Also reflecting that period, earnings forecast have been slashed by 6.8% across the index, which is the most since that quarter. This quarter's earnings will be a bellwether to gauge how the fed's policy tightening has impacted the economy across multiple sectors. It will also show which companies have managed their businesses well during this tumultuous period. The price to earnings ratio of popular stock valuation method is also showing signs that there could be more downside to come. Last week, the S&P traded at 15.9 times 12 months earnings, which is in line with the long run average of 15.7%. If reports show a collapse in earnings, the stock market could all of a sudden appear much too richly valued based on that metric. Diane jaffe a senior portfolio manager at TC W group's relative value team said, quote, there are so many naysayers out there. I don't know if they'll give companies credit yet for really being able to manage their businesses as well as I think they have been. Now also this week over in the UK, there is still a huge focus on the Bank of England support for the bond market. Specifically, investors have been selling government bonds as the BOE has deployed less than a tenth of the 10 billion pounds it had earmarked for daily purchases. Peter schafer, a macro strategist at RBC capital markets, said just this morning they put out this big headline that they would buy up to 10 billion pounds, but this program doesn't seem to be designed to buy big. The market is disappointed by that. The BOE did also announce two types of lending facilities that are designed to help pension funds get to cash even beyond those bond buying programs. All of the shows just how difficult the government backstop game can be. But today we are focused somewhere slightly different. This weekend saw a really interesting fricassee that I think is fairly reflective of the power shift battles we focus on here at the breakdown. On Saturday, the daily wire reported that planned changes to PayPal's acceptable use policy contained a clause which would allow the payments firm to find users up to $2500 for the sending posting or publication of any messages, content or materials that quote promotes misinformation or presents a risk to user safety or well-being. Those fines could also be levied for quote the promotion of hate, violence, racial, or other forms of intolerance that is discriminatory. The policy was set to go into force on November 3rd. The fines would be at the sole discretion of PayPal and reflected what PayPal claims is the reasonable cost of tracking violations and damage to the company's reputation. The Internet was not happy with this new policy. David Mark is the CEO at light spark and former president at PayPal said, it's hard for me to openly criticize a company I used to love and gave so much to. But PayPal's new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something, they disagree with? Insanity. David Sachs, who is also formerly COO at PayPal, quote tweeted that and said, get your money out of PayPal right now. Harold was fugas said, this is insane. I wonder if they can go into your linked bank account if your PayPal balance is zero. Brendan Carr, a commissioner at the FCC, said orwellian, PayPal reserves the right to take your money if you post a message that PayPal decides is misinformation. This is why it's so vital that state and federal legislature passed laws that prohibit discrimination by tech companies and protect free speech. Dan mcardle a cofounder of masari said, obviously, PayPal will walk back this take your 2500 for speech they don't like thing. But just remember that they must deeply believe in that sort of thing for it to be discussed at all, get into a document and then pass rounds of legal and executive review before making it into production. Now Dan was, of course, right, PayPal quickly backtracked, removed the planned update policy and put out a statement on Saturday night saying, quote, an AUP noticed recently went out in error that included incorrect information. PayPal is not finding people for misinformation in this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages, we're sorry for the confusion that this is caused. Although the policy was quickly revoked, the reputational damage was done, and what's more, it revealed a few concerning things about the way power and FinTech operates. Crane hassled the director of threat intelligence at abnormal security said, it's not like dozens of lawyers likely had to review the finished product before it was published. Brendan Carr says PayPal says it's misinformation policy quote went out in error. Because who among us is not fat fingered a new 7 page policy that would take away people's money for publishing quote misinformation and then release that new policy on accident. Tracy Shue kart said this PayPal thing is wild. I will have to say. I do not think you can send out a revision to your policies without a team of lawyers on it. Gonna have to say it was sent out by mistake is high in my BS barometer. Want to keep more profits when trading? Get the best possible prices and trade with 50% lower fees. On nexo pro. The new spot and futures trading platform uses aggregated liquidity of over 3000 order books collected from multiple sources. Utilizing the complete nexo suite allows you to earn interest and borrow funds as you wait for the next trade setup. Visit pro, dot nexo dot IO. That's PRO dot N EXO dot IO and sign up today. The breakdown is sponsored by FTX U.S. FTX U.S. is the safe regulated way to buy and sell Bitcoin and other digital assets. With up to 85% lower fees than competitors. There are no fixed minimum fees, no ACH transaction fees, and no withdrawal fees. One of the largest exchanges in the U.S., FTX U.S. is also the only leading exchange

PayPal fed Bank of England JPMorgan Chase Diane jaffe TC W group Peter schafer Brendan Carr the daily wire BlackRock Goldman Sachs PepsiCo light spark S
"paypal" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

04:14 min | Last month

"paypal" Discussed on CoinDesk Podcast Network

"A pilot program will take place later this year, according to the deputy governor of the Central Bank. Now that line and the intent in this report, about an Indian CBDC effectively being a replacement for private cryptos. Goes a long way to show why when it comes to cryptocurrency, a list of specific technical features might not be the best way to understand how it compares to something like a CBDC. Instead, and in the context of this PayPal discussion, you have to ask where any given crypto falls on the censorship resistant scale. There will of course be many cryptocurrencies and tokens that are focused on use cases where they don't particularly care about censorship resistance. But the actions of PayPal and the desires of central banks suggest for why it's important to have some cryptocurrencies, even if it's just Bitcoin that actually do care about that censorship resistance. Chatter about CBDCs is increasing in the U.S. as well. Last week, John Lipsky, the senior director of the Atlantic council, spoke with coin desk, and voice concerns about the U.S. dollars reserve currency status if the U.S. can't get a CBDC policy delivered in a timely manner. Quote, while the dollar is not in any risk at the moment over a long time period, three to 5 to 7 years, there could be a fracturing of the international financial system. Lipski wasn't so much concerned about another currency taking the dollars place, but rather a quote real splintering of different means of transactions, not just dollar based. The Atlantic council maintains a website showing global progress on CBDC policy, which shows that 105 countries representing 95% of global GDP are exploring the creation of a CBDC. Obviously as we see with India, some countries and regions are pushing well ahead of mere exploration. Last week, a bank for international settlements research project concluded among 20 Asian commercial banks, settling 22 million in foreign exchange transactions using CBDC infrastructure. Lipski said, quote, we haven't seen that before. We've seen the technology tested. We've seen the hypothetical settlement, but we haven't seen actual money in a serious amount flowing between countries. Now lipski also laid out his view on how the U.S. should engage with the reality of CBDCs being rolled out within the next few years, suggesting that the U.S. could act as a leader in the space by creating a CBDC that is quote cybersecurity protects privacy and delivers near instant settlement. Quote, we're the dollar where the issue of the world reserve currency and other countries that are in a further state of CBDC development would say to themselves, well, we should probably be aligned with what the U.S. and what the ECB is doing. Now as for me, I have real questions about whether the U.S. dollars long-term role as a settlement currency, and as a reserve currency is going to be predicated on whether it gets these new sort of digital features. It's not impossible that it plays a role, certainly convenience, finality of settlement, speed of settlement, do matter. But it seems likely to me that the dollars ultimate place is going to be as much about what else is available, shifting geopolitical alliances, and the weaponization of currencies as a specific diplomatic and even military strategy. One of the biggest questions for folks who are exploring a U.S. CBDC is to what extent the privacy protections that basically everyone who talks about this in any meaningful way right now articulates being important. If you ever hear fed chair Powell talk about a CBDC, he makes sure to say that the privacy preservation aspect of that is enshrined. The question is how? Would the U.S. want a scenario where it says its private but actually has back doors? Because of bank secrecy act and KYC concerns, or would it actually use technology that represented true unimpeachable privacy? It's hard to imagine that, but that might be the fight that we're having as a U.S. CBDC moves farther down the line. There's also of course the question of who ultimately authorizes the U.S. CBDC. That's one where the Federal Reserve has been very unwilling to put that power on themselves. And instead kicking it over to Congress. Right now in Congress, the remains a lot of skepticism about a U.S. CBDC. Particularly from the congressional Republicans who are most involved in the crypto space as well. But I tend to think that it's a debate that's barely begun. The good thing about that, if you are interested in these questions, is that it's easier to shape the discourse now basically than it ever will be again. So my recommendation would be start tweeting, start writing, start advocating, and generally get involved. For now I want to say thanks again to my sponsors next to IO, circle and FTX, and thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace?

U.S. Lipski Atlantic council John Lipsky PayPal lipski Central Bank ECB India CBDC Powell Congress Federal Reserve
"paypal" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

03:06 min | Last month

"paypal" Discussed on CoinDesk Podcast Network

"Referral code breakdown to support the show. Now, as you might expect, this policy generated a lot of discussion not just about PayPal. But how it might reflect a type of future that we could be headed into. King blackboard writes small taste of what PayPal can and will do makes an MF or think real long and hard about what a government CBDC could do. James levis said you think PayPal is bad, wait until you see what they can do with CBDCs. Benny Johnson a hosted newsmax said people PayPal just showed you what they're planning on doing to you. Don't believe the oh, we sorry mistake. Bullshit. Social credit is coming to America. Dave column of professor at Cornell said that PayPal has backed away from their plan to dock your bank account up to $2500 for posting misinformation on social media is a bell that can not be on wrong. It is foreshadowing of authoritarianism. Possibly unstoppable. It was a good run to now. Now, as you also might guess, there were a lot of Bitcoin fixes this tweets. Frankly, much more appropriately to mostly when we say that. Santiago Santos, a co host that the empire podcast that blockwork said, PayPal censoring speech and blocking payments is the best thing that has happened for the adoption of crypto payments with stablecoins. At this rate, web three adoption will happen more because of the reckless actions of web two companies. Judica, the head of OTC trading at kraken says, and the Bitcoin store of value versus method of payment debate, PayPal may single handedly invigorate the method of payment use case. January writes, but PayPal and other payment providers work for me. Why would I need Bitcoin? Well, this is why. Preston pitch says thank God these companies are getting arrogant. The world needs them to fail. There are way better options. Finally, udi wertheimer writes, PayPal threatening users with 2500 penalties for holding the wrong opinions is a good reminder for why we Bitcoin. Modern payment tech like Apple Pay is really great most of the time, but the only way to keep them honest is to maintain an alternative. Now, if you follow American politics, you may notice that some of the sources that I quoted today are fairly standardly on the right. But I don't think it's partisan to be concerned about this sort of overreach. In fact, I think it would be a pretty big mistake if you are on the left to dismiss these concerns as just the same sort of GOP big tech screamers or to just lump it in with the maggots still mad about Trump getting kicked off Twitter. This is an example of something that could plausibly be written off as private companies being allowed to do what they want and then quickly normalized. But with much scarier consequences if the principle underlying is expanded to more companies and just becomes an expected part of the Internet money experience. Speaking of CBDCs, around the world they continue to be a hot focus for governments. On Friday the reserve Bank of India published a 50 page concept note for the introduction of their CBDC. The document is the first comprehensive report from the RBI's FinTech department, which was formed in 2022 and lays out the intended design features of the CBDC. The digital rupee is envisioned to be quote substantially not different from banknotes, but being digital, it is likely to be easier, faster, and cheaper. The Central Bank's report stressed the importance of identifying, quote, innovative methods in compelling use cases that will make CBDC as attractive as cash, if not more. The RBI stated intentions

PayPal King blackboard James levis Benny Johnson Dave column Santiago Santos blockwork Judica newsmax Preston pitch udi wertheimer Bitcoin Cornell kraken America RBI Apple Trump GOP
"paypal" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

06:16 min | Last month

"paypal" Discussed on CoinDesk Podcast Network

"Dot LY slash breakdown pod. Also a disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. All right folks, how are you? I hope your weekend was lovely, and that you are ready for another fun week in markets. Now, you'll remember that last week, market started quite optimistically. There was a two day rally that had everyone excited. However, it was for nought. And by the end of the week, the fed had trotted out a slew of officials to disavow investors of any remaining optimism. This week, stocks opened lower, and there are a few things going on with the rough start. The first, of course, is that people are still focused on what the fed will do next. And assimilating all the information from speakers we got last week. Goldman Sachs wrote, we continue to expect that the fed will hike by 75 basis points in November, 50 basis points in December, and 25 basis points in February to reach a terminal forecast of 4.5 to 4.75%. Drags on growth and inflation from a stronger dollar and slower global growth should help keep the economy on a below potential growth path and make it noticeable if partial contribution to lowering inflation. TLDR more of the same. And no fed pivot. However, this week markets have a slightly different focus. Third quarter's earnings season is beginning and it's putting a spotlight on what may be the outcome of the inflation fight, which is the risk of recession. There is a sense that markets haven't been fully pricing in the hit to growth and earnings that would come with a recession, and so some are wondering if these earnings will start to show some of that weakness. This week we see reports from companies including PepsiCo, Walgreens, BlackRock, JPMorgan Chase, and Wells Fargo. And this earnings season is starting on shaky ground. The S&P 500 has moved more than 1% in 11 of the past 14 trading days, which is the most in that time frame since April 2020. Also reflecting that period, earnings forecast have been slashed by 6.8% across the index, which is the most since that quarter. This quarter's earnings will be a bellwether to gauge how the fed's policy tightening has impacted the economy across multiple sectors. It will also show which companies have managed their businesses well during this tumultuous period. The price to earnings ratio of popular stock valuation method is also showing signs that there could be more downside to come. Last week, the S&P traded at 15.9 times 12 months earnings, which is in line with the long run average of 15.7%. If reports show a collapse in earnings, the stock market could all of a sudden appear much too richly valued based on that metric. Diane jaffe a senior portfolio manager at TC W group's relative value team said, quote, there are so many naysayers out there. I don't know if they'll give companies credit yet for really being able to manage their businesses as well as I think they have been. Now also this week over in the UK, there is still a huge focus on the Bank of England support for the bond market. Specifically, investors have been selling government bonds as the BOE has deployed less than a tenth of the 10 billion pounds it had earmarked for daily purchases. Peter schafer, a macro strategist at RBC capital markets, said just this morning they put out this big headline that they would buy up to 10 billion pounds, but this program doesn't seem to be designed to buy big. The market is disappointed by that. The BOE did also announce two types of lending facilities that are designed to help pension funds get to cash even beyond those bond buying programs. All of the shows just how difficult the government backstop game can be. But today we are focused somewhere slightly different. This weekend saw a really interesting fricassee that I think is fairly reflective of the power shift battles we focus on here at the breakdown. On Saturday, the daily wire reported that planned changes to PayPal's acceptable use policy contained a clause which would allow the payments firm to find users up to $2500 for the sending posting or publication of any messages, content or materials that quote promotes misinformation or presents a risk to user safety or well-being. Those fines could also be levied for quote the promotion of hate, violence, racial, or other forms of intolerance that is discriminatory. The policy was set to go into force on November 3rd. The fines would be at the sole discretion of PayPal and reflected what PayPal claims is the reasonable cost of tracking violations and damage to the company's reputation. The Internet was not happy with this new policy. David Mark is the CEO at light spark and former president at PayPal said, it's hard for me to openly criticize a company I used to love and gave so much to. But PayPal's new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something, they disagree with? Insanity. David Sachs, who is also formerly COO at PayPal, quote tweeted that and said, get your money out of PayPal right now. Harold was fugas said, this is insane. I wonder if they can go into your linked bank account if your PayPal balance is zero. Brendan Carr, a commissioner at the FCC, said orwellian, PayPal reserves the right to take your money if you post a message that PayPal decides is misinformation. This is why it's so vital that state and federal legislature passed laws that prohibit discrimination by tech companies and protect free speech. Dan mcardle a cofounder of masari said, obviously, PayPal will walk back this take your 2500 for speech they don't like thing. But just remember that they must deeply believe in that sort of thing for it to be discussed at all, get into a document and then pass rounds of legal and executive review before making it into production. Now Dan was, of course, right, PayPal quickly backtracked, removed the planned update policy and put out a statement on Saturday night saying, quote, an AUP noticed recently went out in error that included incorrect information. PayPal is not finding people for misinformation in this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages, we're sorry for the confusion that this is caused. Although the policy was quickly revoked, the reputational damage was done, and what's more, it revealed a few concerning things about the way power and FinTech operates. Crane hassled the director of threat intelligence at abnormal security said, it's not like dozens of lawyers likely had to review the finished product before it was published. Brendan Carr says PayPal says it's misinformation policy quote went out in error. Because who among us is not fat fingered a new 7 page policy that would take away people's money for publishing quote misinformation and then release that new policy on accident. Tracy Shue kart said this PayPal thing is wild. I will have to say. I do not think you can send out a revision to your policies without a team of lawyers on it. Gonna have to say it was sent out by mistake is high in my BS barometer. Want to keep more profits when trading? Get the best possible prices and trade with

PayPal fed BOE JPMorgan Chase Diane jaffe TC W group Peter schafer the daily wire BlackRock Goldman Sachs PepsiCo S Walgreens Wells Fargo
Black Lives Matter Executive Accused of 'Syphoning' $10M

The Officer Tatum Show

01:37 min | 2 months ago

Black Lives Matter Executive Accused of 'Syphoning' $10M

"I got a list of them. They got all your favorite companies, PayPal, slack, we use slack our company. Comcast, Uber, a snap Shopify. We use Shopify on my ecommerce store. I mean, you go to Microsoft, Grubhub, DocuSign, DoorDash, I only want to talk about bumble 'cause none of y'all better be on the bumble. Go down the list, these major corporations, that's not even including celebrities. That's not they had so much influence around the world. And somehow black people found a way to mess it up. How in the work with that much power and influence, why couldn't a group of black people actually do something for black people? Why couldn't they clean up the inner cities, build the schools better, get kids a better education, somehow have a contingency of dads, community leaders, curbing crime in the inner city, they could have done something, they didn't do nothing but pimp y'all. Straight hoodwinked. Patrice colors. Step down until 2021. After they caught her, spending millions of dollars on mansions, then this dude, when she stepped down, she put him in charge. They claim that he didn't extract the $10 million from Black Lives Matter. In 2021, his company was paid $2 million.

Uber Comcast Paypal Microsoft Patrice Colors
Give Send Go: The Answer to Fundraising When Cancel Culture Says 'No'

The Eric Metaxas Show

02:25 min | 4 months ago

Give Send Go: The Answer to Fundraising When Cancel Culture Says 'No'

"In America, the idea that major corporations that in many cases effectively act as monopolies, whether you're talking about Amazon or YouTube or Twitter or Facebook. That they have made a decision not to abide by American values, but to abide by these kind of Chinese communist Marxist values, it's a chilling thing. So first of all, everybody needs to understand that. And when you have an option, you need to go with that option. So when you guys created Gibson go, I was thrilled. And I think I said it. I am on give send go because we have good reasons to be on there and difficult reasons to be on there. I am being sued. We have legal bills, YouTube canceled us. And so we need help. And I thought if I get on GoFundMe, they're probably not even going to they're going to cancel me once they figure out where I'm coming from. So the idea that gives and go is there and that people have been able to give to what we're doing and metaxas media and to help. And we need the help, otherwise I wouldn't be on there. But I just have to say, this is such good news that you guys have stepped up because it's one thing to think about this, but to actually do it. So you and your brother, Jacob wells, you said he's in Boston, you're in D.C., but you created this thing. And you're helping all kinds of people. Tell us some of the success stories and some of the people that you guys have been helping names that we would know. Sure. And so actually, so we had been walking year over year growing as this alternative to GoFundMe. And then we, you know, just as a great Christian platform, if you will. And we woke up one morning in August 2 years ago and had a ton of hate mail, which had not been the case up until then, and we thought, what's going on on the site, and we pull up in very quickly, we find a young man named Kyle, rittenhouse, has come to our platform because he has been canceled off every other social media platform. They took away his voice and said, you don't deserve. We're going to judge you by the little clips we see on Facebook or the mob mentality. We're going to say you're guilty. We're not going to give you the right that's our fortitude in the United States. And so Facebook, GoFundMe, PayPal. Everybody had canceled them. Him. And he came to give San go as his last resort.

Youtube Jacob Wells Gibson Amazon Facebook United States Twitter D.C. Boston Rittenhouse Kyle Gofundme Paypal SAN
Will Chamberlain of the Article III Project Talks Big Tech

America First with Sebastian Gorka Podcast

02:02 min | 7 months ago

Will Chamberlain of the Article III Project Talks Big Tech

"Let's return to big tech. Here's a little cut from the second richest man in the world because guys, it's actually Putin, who's the richest. I mean, he literally has privatized half of Russia into his back pocket. So it's not on the books, but he is the richest man in the world. Elon Musk is a close second. And this is what he said at a recent TED Talk. Cut one play cut. Intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. But you've described yourself. I don't care about the economics at all. Okay. Richest man in the world or second, which says, I'm not in it for the money. Interesting. And he says it's vital for the future of civilization, not exactly what you hear from liberals. Well, deal with the question of whether or not we trust this man, but give us the strategic analysis of how important a development is it, that a guy who made his money out of PayPal, then electric vehicles, a darling concept of the left. And then reinvigorating almost single handedly America's space program that this is the guy who wants to buy Twitter, how unusual is that well? I mean, it's very unusual, especially because we're used to billionaires kind of hewing to the line of the left, like they're almost, they're scared as anybody else of The New York Times of The Washington Post. Writing a hippie's on them, which they shouldn't be because they're that wealthy. So it is really unique and it's really gratifying, I guess, would be the word, just to see someone step out and be willing to, despite their high standing and elite circles, be able to say, no, this is just wrong. What you have been doing is completely wrong. And not only, I'm literally going to buy the biggest and most not the biggest, but the most consequential and influential social media platform in the

Ted Talk Elon Musk Putin Russia The New York Times Of The Wash Paypal Twitter America
Elon Musk Takes 9.2% Stake in Twitter, Stock Soars

The Trish Regan Show

13:01 min | 8 months ago

Elon Musk Takes 9.2% Stake in Twitter, Stock Soars

"So the guy's got a big Twitter account, shall we say? It's good news for the company because it had sort of been, I think in some ways kind of left for dead. It hadn't figured out how to monetize its business in ways that were going to really help it going forward. It had grown users. I would say over the last three years, we saw an improvement in the user base. So that was good news, and it certainly a sticky platform, but you have to be able to do something with all of that, right? So you have all these people there, you're growing the user base, but there's lots of competitors out there, and if you're not able to properly monetize the company, then it becomes very challenging. Anyway, so he is tweeting over the last couple of weeks. Hey, you know, should there be another platform? Do you think that Twitter really embraces free speech? So we got everybody kind of worked up and then lo and behold, it turns out that it was, I believe, on March 14th, that he made the purchase. So that means that was what about two weeks ago? Shares are up 50% since then. I think he bought it for just about $3 billion. So he's made a pretty sum. The question is, does he continue to make money going forward? And my answer, my thought on that is, yes, I mean, maybe not this week. Maybe the stock settles down, but ultimately, if he can join the board and I would think that he would want to join the board and I would think that the board would actually want him on there. Then he's going to have a hand in helping this company sort of figure out its strategy going forward, which means one being all encompassing in terms of bringing as many people to the platform as possible and allowing a lot of different viewpoints on that platform, which may mean getting a new tech team in, frankly, to adjust the algorithms so that you're not squashing things needlessly. And then the other thing is once he's on the board, maybe he can think even about how the company incorporates, I don't know, say something like crypto in its future, right? He's a huge crypto enthusiast. So maybe there's a play in this Twitter space again as it comes to monetize its user base to incorporate crypto and then the other thing that I'd be thinking about and I know we don't necessarily want to think this maybe there's a play here to sell the company ultimately to a private equity firm or to maybe a bigger tech firm or hey, maybe even like a PayPal that would be able to work in some of that crypto stuff. Now I'm just talking theoretically and I want to get to ahead of ourselves because right now I think we should all be sort of excited. I'm excited. The Elon Musk is coming to Twitter because I see him as kind of well just a revolutionary. He's a smart, brilliant guy, irreverent guy. He recognizes the insanity that's out there right now. Hey, Jack Dorsey even recognizes it. In fact, he was quoted today as saying, you know, you feels bad that he's kind of created this very single lane platform where only one view is tolerated. So I think there's a real chance here to improve upon this and look, I mean, my answer to bad speech is always more speech. You need people to be able to speak freely. And so if you can create that platform there with Twitter, then that's really going to be a very, very good thing. So ultimately, I think for shareholders, they should be looking at this and just rejoicing. Of course, they probably are because the shares are up 30% right now. But long term, there may be some real upside in this company. I mentioned sort of inability for a lot of different voices to be heard. And it brings me to one of our sponsors of this program, which is a Mac, they are doing what they can, everything they can to make sure all voices are hurt, especially conservative voices. I mean, it seems like a lot of voices shall we say are protected, but not when it comes to conservatives. And this is why amac is out there, the association of mature American citizens is standing up for you, standing up for the future of America conservative voices there for mature Americans that believe in freedom. And all the freedom loving things in American so want and want to hold dear. There's 2.3 million members here that share your values my values and you know what you get all kinds of great discounts, all that good stuff. So travel, hotel, cell phone plans, insurance plans, just go to amac dot U.S. slash Regan, my last name, REG and you can sign up. It's only $16 a year and you're going to get all this free stuff. So it's really, really worth doing. You'll make it back in a day. I'm so glad to be able to tell you about it. I really think it's something you should look at. So again, amac dot U.S. slash vegan for your membership and take a stand there for America. I want to get to oil because oil is continuing to move higher in today's market and I don't think we've seen anything yet. I actually think that oil is going to get really, really high. We're looking at about a 101 $102 per barrel right now. And that's in part, it's been eased because the president came out and said he was releasing the strategic petroleum reserve over the course of the next 6 months, which would be a 180 million barrels that would be released into the oil supply, but I'm going to tell you this, it's not enough. It's not enough, and it's only 6 months, and we've got to figure out a better long-term solution here. Because we can't be dependent on the likes of Russia. I'm sorry, but this is truly awful what we're witnessing right now. And what came out over the weekend is devastating and you can look at it in many places. I don't even want to show you. The kind of thing that makes you sick to your stomach and you think how can a nation be so horrible so horrible to its neighbors so horrible to its brothers and sisters and cousins and we see Russia, Russia is clearly capable of some pretty horrific awful stuff. So let me reiterate. We don't want to be giving them any business. We don't want to be giving them any money any any trade whatsoever in light of everything that we have learned. It's time for the United States of America to be completely self reliant. That means natural gas can't be coming from Russia. By the way, not just us. The free world in general. All of Europe needs to say enough. Now, it's coming out, you know, in the last 24 hours, we've heard more and more that we're looking towards greater sanctions, the U.S. both and the Europeans together are looking to sanction more of Russia, but I just question why we haven't done this already. What are we waiting for? I mean, we should be doing everything we possibly can to give Ukraine the assistance it needs. And that means sanctions like Russia has never seen before, that means military equipment to aid the Ukrainians, that means intelligence gathering, helping them, however we can. There's a lot we can do without actually finding ourselves in a situation that would be World War three. But we can't sit back and pretend that none of this is happening. We can't sit back and allow a monster like Vladimir Putin to do what we've seen him do. Meanwhile, oil, that's why I say you haven't seen anything yet. I mean, if you want to, if you want to play this one, the commodities fund is the way to go because there's no way that oil is going to go down any time in the near future. In fact, as we go into summer months, I would anticipate it's going to go higher and higher and higher. The refining capacity changes in the summer and there's additional things that need to be done to the oil in order to get it into gas tanks. And so that's going to be problematic. It comes at the same time when you have in the in the driving season, right? Some are driving season and it's all happening as the entire world just reacts with horror to Russia. So as more and more people and more and more countries, hopefully more and more countries, I'd like to see more and more countries shut Russia off, that means less of a supply out there that would drive up of course the price of oil. So it's so important that we start thinking strategically about how we fix this. And I'm sorry. I realize everybody wants these EVs. It's not going to happen. Tomorrow. And we need help tomorrow. We need help very much in the near future. So whatever can be done, we need to have some adults in the room in terms of our energy policy to think through this so that the American people are not paying the price with $9 at the gas pumps because that's what we're going to be looking at. And the answer is not giving them $800 in Maine or $300 in in California or saying, okay, we're going to forgive the 25 cents per gallon tax in Connecticut. No. The answer is having a long-term plan, a real solution. To make sure that we have energy for as long as we need it. For as many people as we need it. And that means a multi prong approach. I mean, I just can't believe the stupidity of these administration that wants to sit there and keep telling us, you know why? Here's why. There's no leadership. Absolutely positively no leadership. These people are all worried about getting reelected, and they've convinced the world that climate change is the biggest problem out there. So how are they supposed to turn around and say, well, actually, it turns out that Russia's the biggest problem out there, and now it's compounded by the fact that our lives are going to be harder as Americans because oil prices gas prices, energy prices are all moving up up and away. This is just one massive mess and I hope I hope. There are some smarter heads that will prevail. Look, I think if not, we're very likely looking at a recession. I've told you that before, I think a recession is very much something that could be in the cards, only because you can't have $9 a gallon and not have some kind of effect. We're going to see because we're coming into mid April here, how this affects earnings. All the companies with their earnings reports are going to be coming out. We'll get a sense of whether or not the consumer really can withstand these higher energy prices. I don't think they can. I mean, look, I guess it's good because people are going back to work and so maybe they have a little bit more money, you're seeing that reflected in the unemployment rate, which continues to drop. The number of jobs added, which was more than expected, maybe people are going to have a little bit more cash on hand to pay for this higher oil, but look, I think there's a real risk that we're heading into a recession as a result of these higher energy prices, not that I would trade it. I mean, I actually think that, you know, you make choices in life and you make choices as a country, and sometimes you just need to stand up for what is right. And standing up for Ukraine is the right thing to do. I want to get to legacy precious metals that I told you about in the beginning of the show because with all the chaos in the world right now, probably saying, how do I how do I manage this if I'm trying to think about my retirement? How do I hedge out all this inflation? And one of the very best ways to do this time and time again is gold. I mean, I have believed that for decades now. And I've been proven right. It's not always perfect, right? There'll be times when maybe the market out performs gold, but then when the market's down, that gold comes in pretty handy. And right now we're looking at nearly $2000 an ounce, they're on gold. So this is an investment worth having. This is an investment worth holding. And my Friends over at legacy precious metals have been doing this for years for about 40 years. It's a family run business, and they can help you. So I want to give you their number one 8 6 6 5 8 9 zero 5 6 zero one 8 6 6 5 8 9 zero 5 6 zero legacy p.m. investments dot com Charles Thornton. He runs the company. He was just on the show the other day really wonderful group of people that can assist you as you try and figure out how you're going to hedge out your future. How you're going to hedge out inflation because you're getting it one way or the other. I mean, best case scenario, the fed gets two to 3% a year, right? But right now we're looking at 6.7%, 7.7 .9%. It's like sort of a dyslexic moment. 7.9% in terms of inflation. I think it's going to get far worse than that.

Russia Twitter U.S. Amac Association Of Mature American Elon Musk Jack Dorsey Strategic Petroleum Reserve Regan Paypal Vladimir Putin
"paypal" Discussed on Daily Tech Headlines

Daily Tech Headlines

01:53 min | 9 months ago

"paypal" Discussed on Daily Tech Headlines

"Com slash tech. That's join honey dot com slash tech. These are the daily tech headlines for Monday, march 7th, 2022. I'm rich strap alino. Visa and Mastercard both suspended operations in Russia, transactions made with either card issued by banks in Russia won't work outside the country. Cards issued in Russia will not be processed by Visa or Mastercard. Instead, going through Russia's national payment card system. Cards issued buy banks outside of Russia won't work at Russian merchants or ATMs. PayPal also suspended services in Russia, including its money transfer tool zoom, although it will allow withdrawals for a period of time due to regulatory requirements. The company stopped accepting new users in Russia last week. The Washington state Senate passed HB 2076, which would classify gig workers as independent contractors in the state while mandating that gig drivers receive a minimum pay rate and receive paid sick leave. The House passed a similar bill last month and would need to be reconciled before sent to governor Jay inslee. Nvidia confirmed the extortion group lapses accessed its systems and still proprietary data as well as employee credentials last week. The group threatened to release the data if Nvidia did not remove its light hash rate Ethereum mining limiter on recent GPUs. The group began linking Nvidia's data, including code signing certificates used for its drivers and apps, security researchers found that these are now being used to sign malware. These certificates are expired, but Windows will still load signed drivers into the OS. Samsung confirmed thread actors stole internal company data and source code saying no personal data was accessed. Samsung did not state who was responsible, but that same group lapses claims responsibility. The group said it obtained 190 gigabytes of data, including code used in Samsung's trust zone environment, bootloader, and activation servers, as well as algorithms for all biometric unlock operations..

Russia strap alino Mastercard Washington state Senate Nvidia governor Jay inslee PayPal Samsung House
Chrystia Freeland Announces Financial Restrictions on 'Freedom Convoy'

Mark Levin

01:58 min | 10 months ago

Chrystia Freeland Announces Financial Restrictions on 'Freedom Convoy'

"Who's christia Freeland ladies and gentlemen in America she's the deputy prime minister of Canada She is in effect there Kamala Harris Listen to this one Listen to her at this press conference What I said to you now well over 48 hours ago that Canada has become a totalitarian police state People are now using other words It's perfectly fine You get the drift Because it is Because Putin couldn't do a better job Of putting down political opposition peaceful protesters And hardworking Canadians Putin couldn't do a better job on his own people Go First we are broadening the scope of Canada's anti money lauder laundering and terrorist financing rules What does that have to do with the truckers Mister producer Are they laundering money Are they committing acts of terrorism So they're using laws that they put in place to deal with Al-Qaeda et cetera Against their own people This has always been the fear in our country Go ahead Funding platforms and the payment service providers they use So they're applying them against crowdfunding platforms and payment service providers Like a PayPal or go fund me or what have you They're grabbing the money they're grabbing the funding This is in fact what they do In tyrannical regimes This is why people invest in gold and gems and other things I'm just being honest Go ahead Changes cover all forms of transactions including digital assets such as

Christia Freeland Canada Putin Kamala Harris America Qaeda Paypal
Facebook Owner Meta Sees Biggest Ever Stock Market Loss

The Charlie Kirk Show

01:28 min | 10 months ago

Facebook Owner Meta Sees Biggest Ever Stock Market Loss

"Virginia. Hey, Charlie, what's going on with Facebook? I see that their stock is really down what caused it. Well, this is the front page of The Wall Street Journal actually today. Mehta is the new name of their company. Their plunge rattles lofty tech shares. Quote, Facebook parents company met up platforms shed more than 230 $1 billion in market value. A one day loss that is the biggest ever for a U.S. company, an increases pressure on a stock market, long powered by tech shares. Stocks priced way down beyond perfection. Faces scrutiny, Facebook, parent, company has record fall. More than $230 billion the biggest ever for a company ever for one day. Biggest drop. Meta platforms gave a disappointing financial forecast, helping the major indexes snap a four session winning streak. The tech heavy NASDAQ composite index dropped 3.7% PayPal Holdings and Spotify technologies also spooked investors in recent days when the payment giants lowered its 2022 profit outlook and the streaming company elected not to provide annual guidance. So Facebook seemed like it was this untouchable company for quite a while. But they are just completely and totally collapsing the stock is down and it's up a little bit. Actually it's backed down 21% in the last 24

Facebook Mehta The Wall Street Journal Charlie Virginia Paypal Holdings Spotify Technologies U.S. Giants
"paypal" Discussed on Equity

Equity

03:41 min | 10 months ago

"paypal" Discussed on Equity

"Click and meet our podcast and replay it on in the background while you shower. This is the stuff that we cut out of the podcast. And this is why Twitter is basically our fun, because you get to hear all the random bits. Back to topic, though. The Google Cloud numbers are important. The YouTube numbers are important, but it's the aggregate picture that Google Alphabet does show in terms of demand for advertising products. I think shows are relatively strong market for really just tech services in general on coinbase. I want us to end by I guess like rewriting our stories from last week about the party being over and how startups should be reacting. Like if we had to distill a headline or a takeaway from seeing like two different reactions, what would we say? I'll make you go first so I can think. Yeah, I want to bring in Netflix, though. I think it really does matter. We've also seen declines in the value of DoorDash, Robinhood, and a lot of companies that really did enjoy what we might call uncouth Lee, a strong COVID. Did the pandemic era was good to them? For one reason or another, of course, depending on awful for the species, but like for some businesses it has been a shot in the arm. Those tailwinds do seem to have dissipated to the points in which we are kind of back to the old steady state for a lot of metrics. For PayPal, it might be net new user growth, et cetera for Netflix and they actually pulled forward a lot of demand and others in slower new customer adds. And so to me, the lesson here is, if you were writing high before, you're probably not writing this high now. Throw that in with some venture capital conservativism kind of creeping in the edges. The party is not over, but like the lights have been turned on and you're seeing all of your drunk friends in full light and you're like, oh, this isn't so good. I should go home. That's where we are. I love that. I think the only thing I add is like the small silver lining for companies is you can kind of rely on what you're seeing more, either from whether it's like investors telling you what your valuation should look like or how sick you your customers are. If you can bet on it not being like this overnight increase, but like a slow steady increase that feels more stable. So I'm unsurprisingly excited for stability to enter our lives again. And even though PayPal did shed a lot of its value, I won't be surprised if we don't know if we see it regain it, but more than that if we see fintechs not shut down overnight because PayPal had one bad earnings report. We're recording this at four 23 p.m. on Wednesday, which means that meta earnings just dropped AKA Facebook, AKA the big blue app, AKA Instagram baby. Turns out, they didn't do very well..

Netflix Google YouTube Twitter PayPal Lee Facebook
"paypal" Discussed on Equity

Equity

03:04 min | 10 months ago

"paypal" Discussed on Equity

"Do you think it hits differently because of PayPal and the last week? Do you think we're more excited than usual or are the numbers actually that great? I think the numbers are very strong. And I do think they quote hit different as people say, I love that phrase. No, I get slightly members on here, so I had to use my lingo just to just don't know him a little bit. You don't know Henry peck event. He's one of one of TechCrunch's finest. And it's a stickler for the English language, which we like to tease him about, because why not? Anyways, it's different. If you will, because Netflix really struggled and obviously PayPal had a struggle session in its earnings report. And we have seen a second just reported quite a lot since early December of last year. A rapid decline in the value of technology company value. So essentially, software stocks have seen their multiples compress quite a lot. And then comes Google, right? Or sorry, alphabet. But like, you know, it's Facebook, not meta, but it's actually not a blah blah blah. And I was just blown away by this earnings report. It was just super, super strong. The only thing that I can say that stood out to me was the fact that Google Cloud remains a bit more unprofitable than I expected. But at the same time, Google is alphabet is fighting in third place after Azure and AWS. So it probably needs to spend that much. But it just goes to show that it's not cheap if you're not deleting player to compete in the public cloud space. But overall Natasha just super great. And as we know like YouTube ad revenue wasn't something that they always split out now that they have and we have some historical results. What can we take from there? Well, what we can take away from that is the simple fact that all those pre roll ads work. My question is, is it possible to put any more ads in YouTube? Because it's actually I think it need to be worse than cable. You should actually people should be listening to our equity episode that landed today about the creator economy because we in fact how much advertising is infiltrating our lives, but also how much it may be needed. Can I? Because creators are just screwed over always. Can I do a side rant just for like 30 seconds, so we can cut this out if we actually podcast this? Please. All right. So Natasha, have you ever heard of a show called ghosts? I haven't. It's a British show originally, there's an American version that just came out. It's a really fun show. It's like the ultimate what I call couples compromised content. There's a journalist in the show? Different ghosts. Maybe a different ghosts. Okay, never mind. This is the quirky we inherited a house and it happens to be haunted with silly people storyline. Oh wow, okay, okay. It's tons of fun. Anyways, my spouse and I have watched the British version and we're trying to watch the American version. And we're trying to find a place to watch it without several minutes of advertising, every 5 minutes of show. Because I'm not gonna lie, my time is worth more money than watching another like pharma ad about old people and how their bones suck. Like, fuck off. Leave me alone. I don't need this. And so we were going for like one service together. We pay this one. Maybe they won't be ads, and they were still ads. How dare you? How dare these companies who got fat off the raining age of.

Henry peck PayPal Google TechCrunch Natasha Netflix YouTube Facebook pharma
"paypal" Discussed on Equity

Equity

05:55 min | 10 months ago

"paypal" Discussed on Equity

"Before Robin Hood fell apart, it's a public company. It was a pretty big smashing it. And before coinbase fell down far below its direct listing reference price, it was crushing it. So there can be very powerful exits because where there is money in motion, there is money to be made and FinTech is all about moving that money around. I'll just say this, though. The valuation point does matter. So we're talking about is PayPal going to add as many new accounts as investors expected next year or this year. Whatever. But the rapid decline in the value of PayPal's stock I think is a pretty hard thing for startups to surpass or supersede, because now they're comps have lost half their value or more. And that's tough, because you want to tell investors, look, if you give us a dollar now, we're going to go public in three years and give you $4 back. But if it's actually, give us a dollar now, and in four years will give you a dollar ten cents back. I'd rather put that in the S&P 500. Yeah, it's definitely a less dramatic growth story and one that we've we talked about two weeks ago with Mary from bessemer, which is like she went on the record to say that she's rethinking the valuations she's giving these companies. And so I won't be surprised if we see a little bit of tightening there. But there was one other part of the PayPal earnings report that I wanted to nerd out about for a second, which is them basically admitting that the quality of the users they brought on during the pandemic weren't so great. They maybe showed up for one off purchases, but they aren't staying as long as they want or even using the company as much as they should. So Alex, what's your read on that for other fintechs? Because customer acquisition costs, even though I'm not a FinTech reporter, is the word for them. Yeah, customer customer acquisition costs or cac if you're in the know is essentially how much you're paying to bring on new users to your platform. And companies will really pay quite a lot. They'll spend a lot of money on marketing and direct reach and so forth. Individual FinTech consumers or users can be quite valuable. If I move my direct deposit to chime and begin to use my chime debit card all the time and use other time features, I can generate quite a lot of revenue from myself for time. So they can afford to pay this amount. PayPal had really great growth in terms of users in the pandemic era. But the company said that it hasn't had points out that essentially maybe about 15 to 20 million of those are going to roll off this year. Essentially, aren't going to count. And that creates quite a headwind for the company to generate net new accounts. And so when the company discusses its growth and accounts this year, it's dealing with this like essentially like sliding sand beneath its feet that it has to overcome. And for startups, I'm curious what percentage of their user growth during the pandemic is going to end up being the same. How many of these users that companies brought on? We don't know, but we'd love to. So if you do know equity pot.

PayPal Robin Hood bessemer Mary Alex
"paypal" Discussed on Equity

Equity

05:09 min | 10 months ago

"paypal" Discussed on Equity

"And so we can effectively learn what the temperature of the water in which these startups are swimming is, and that helps us with what's going on. As someone like me who doesn't pay too much attention to the public markets, I do always wonder how much one company over another has the reputation of setting the agenda for a startup. Like the same way, I guess a fallen Casper was not emblematic of all D2C companies disappearing overnight. How much are you paying how much are you weighing PayPal and its earnings for consumer FinTech right now? Well, I think PayPal is actually pretty big. Like, for example, Robinhood now public, if it says that their monthly acts are going down, crypto trading revenues are flat to down, and everything else is kind of flat, that does probably tell us about the consumer appetite for trading platforms. Because Robinhood has an enormous consumer market share. And now we have data. I feel the same way about PayPal and Natasha, like PayPal has Venmo, it has bought pay over in Japan. It has a lot of products that touch a lot of people, so it has a pretty good, wide footprint. And I think that's why it's a trendsetter. And frankly, it's a very valuable company. It was. I can't hear you. The company has certainly lost ground. It's that moment on the equity shot in which I remember that I need to put my phone on D&D because my spouse will a 100% of the time. Call me. The moment I get on Twitter space, I adore her, her timing, impeccable. Okay, back to what you as a data point. PayPal is currently worth about a $156 billion, even after its declines today. So after losing a quarter of its value, it's still worth over a $150 billion, which goes to so its size, its value and why it's important. Okay, lovely. So let's walk through the top line numbers from yesterday's earnings report. My metric or takeaway that I saw was that it's only anticipating a 6% revenue growth in the current quarter. What other numbers and kind of changes are you looking at right now? Yeah, I'll walk people through a couple of things and I'll keep this pretty light so I don't just like snow you weigh in a blizzard of acronyms. But maybe a light dusting, if you will. In the fourth quarter, PayPal's total payment volume or TPV rose to 339 and a half $1 billion. Up 23%. That's the more important number. The company's revenues were 6.9 billion, up 13%. That's more important than the dollar amount. But looking ahead as Natasha said, the company only expects to grow by 6% in Q one on a year over year basis. And essentially for the whole year at about 15 to 17%. So the company is essentially saying we are going to grow much more slowly this year than the year before, and for investors who value PayPal, more like a growth stock than immature FinTech, this was a bit of a shock. Yeah, I think the surprise there was actually a line you used in your piece from this morning, which was that PayPal has given back effectively all of the valuation gains it saw during COVID. And like you just said, does that mean that we're going to see PayPal go be re corrected? Like we talked about last week or is this actual bad news? I'm trying to understand if it's more like a fall from grace or just like a correction. Well, I depend on what happens next. I think if it loses more value, it'll be both. I think currently, we're trying to decide which one it is..

PayPal Robinhood Venmo Natasha Casper swimming Japan Twitter
"paypal" Discussed on Equity

Equity

04:39 min | 10 months ago

"paypal" Discussed on Equity

"What's up equity family, it's Alex. It's Saturday. We're very excited to bring you a Twitter space earlier in the week. Natasha and I dug into Alphabet and PayPal earnings. We had an absolute blast. There was so much to dig into. However, since then, some more companies have reported earnings and I want to make sure that you have that information as well. So a quick run through and then the show. So aside from Alphabet and aside from PayPal, who else dropped earnings this week that really stood out to us? Well, three companies, Amazon, Facebook, AKA meta, and snap the parent company of SnapChat. Now Amazon's quarter can really be summarized essentially in the lens of its AWS division. AWS is Amazon Web Services, it's public cloud. And it absolutely crushed Q four. It just had a fantastic period. It grew more than expected, it generated all the companies operating profit. And frankly it was just a downright dynamo for the Seattle based company. It was just amazing. So well done to Amazon share prices up and certainly its place at the top, the public cloud pyramid is secure at least for now. Then there was meta AKA Facebook, AKA horizons VR or whatever the hell it's called these days. It had a pretty bad quarter. It had a terrible quarter. It had a quarter so bad it lost more value the day after a job earnings than any company has in the history of the stock market. Several $100 billion in deleted value. What happened? Well, some user growth numbers turn negative. The company had higher than expected expenses. It turns out that building the metaverse is really, really hard, and the company's guidance wasn't great. So essentially, the company missed across a number of metrics that really spooked investors who then dropped the stock like a hot potato. And finally, snap parent company of SnapChat, the popular social network that has been always kind of like out there next to Twitter and Facebook, whatever quite as big as the other players in the social space. Well, I'll just say this. Snap turned in its first ever quarter of gap net income, which is real profit. The company is actually finally profitable as of Q four. Now, I don't expect to pull that off every single quarter, but it does show that after a long, run as a public company, and occasionally really being treated like the kick bag of the investing world, it's not pulled it off. They are now entirely self sufficient and the world is their oyster. Shares rub something like 40% the day after earnings, well done snap. And with all of that in one hand, let's do a show. Hello.

SnapChat Amazon AKA meta PayPal Facebook Natasha Twitter Alex Seattle
Regulator to probe into tech giants' payment practices

AP News Radio

00:48 sec | 1 year ago

Regulator to probe into tech giants' payment practices

"Federal regulators are ordering apple Amazon PayPal and other tech giants to reveal how their proprietory payment networks function apple pay Google pay another systems now dominate E. commerce and person to person payments with systems that are often hard wired into smart devices banks have tried to compete to services like exile but they struggle to keep up lacking the integrated systems apple and Google operate the consumer financial protection bureau is seeking more transparency into the payment systems created by the big tech companies as well as details about consumer protections director Rohit Chopra says tech companies are quote eagerly expanding their empires to gain greater control and insight into our spending habits the CFPB has also raised potential antitrust concerns I'm Ben Thomas

Apple Google Paypal Cfpb Amazon Rohit Chopra Ben Thomas
"paypal" Discussed on Equity

Equity

05:18 min | 1 year ago

"paypal" Discussed on Equity

"Hey everybody, welcome back to equity. We are live on a Twitter space talking about all things PayPal and Pinterest. We've titled this PayPal picks Pinterest because we wanted to make it as hard as possible to say the title of this particular episode on air live. With me, I have my dear friend and long-term calling Natasha masquerades. Natasha quickly and briefly, you just walked around SF. Is the city dead, as we've been led to believe on Twitter. The city is definitely very quiet, TC HQ is pretty empty, which is whatever. I'm not bitter about it or anything. But I will say I saw a billboard of a startup deal which raised money has a billboard up. So I feel like that means something is happening that is good in San Francisco. Yeah, I think startup billboards are the green shoots, if you will, of spring. In startup world, and it's just evidence that so much venture capital money is sloshing around. They literally ran out of Facebook ads to put it into..

Pinterest PayPal Natasha Twitter San Francisco Facebook
Biden's Bill Will Empower the IRS to Track Your Every Transaction

Mark Levin

01:30 min | 1 year ago

Biden's Bill Will Empower the IRS to Track Your Every Transaction

"One One of the core aspects of this bill Biden and the Democrats are pushing Is to massively increase the power of the Internal Revenue Service Now for people who don't pay taxes and are on the doll that's not a big deal But for people who do it is a big deal Because it's intended to again Bully threaten intimidate law abiding American citizens who are actually pay the freight in this country While people on the dog get to watch and laugh John barrasso at a press conference today cut 6 go The Republican Party is not going to allow the IRS to spy on your banking accounts On this single topic alone I've gotten more emails and calls in the last three weeks than I have on any other item over the last of the times I've been in the United States Now what is he talking about Well we've talked about now for weeks and I've done it on television as well And that is this Biden is proposing that any Movement of money that is $600 or more can be monitored by the Internal Revenue Service They can try and figure out what it's for Whether it's coming into your account or going out of your account and not just your account it could be PayPal or Venmo or whatever it is That the Internal Revenue Service would be empowered to trace that And to monitor that

Bill Biden Internal Revenue Service John Barrasso Republican Party Biden United States Venmo Paypal
"paypal" Discussed on The Content Strategy Podcast

The Content Strategy Podcast

05:17 min | 1 year ago

"paypal" Discussed on The Content Strategy Podcast

"Comes in and they lay out exactly what needs to happen requirements etc and then the experience begins to kind of be designed around that. Are there projects that are really led and driven by content strategy or are there other specific requirements that you are kind of serving and and fulfilling along the way as well it really depends on the project and one thing that i've been advocating for and we've started to see. Some success is for her to come in not with necessarily a list of requirements but with a list of desired outcomes or even a potential problem statement and then we'll use that information to craft a content strategy for instance. We're working right now. On a reboot to the on boarding experience for merchants who sign up for a pay pal account specifically small and medium size businesses and product came to us and said you know. Look we know right now that there's a big drop off in when merchants start the sign up process and how many actually completed and we have looked at some data and we have a hypothesis that the drop off is happening because of these reasons in the drop off happening at these specific points in the flow and we said great. That's really good information to have and we looked at the existing flow. We mapped where the drop-offs were happening. And we analyze the content and we came up with some of our hypotheses of our own and we determined that the content wasn't really clear the process to sign up was fairly convoluted and we asked merchants for a lot of personal information about themselves and about their business all at once and it felt like a burden so working very closely with product. We decided to try a whole new approach. Now what will be launched in very soon is a way for merchants to sign up for paypal account which just their first name last name and most word an email address and from there they'll be able to get into the experience and look around more and get a sense of how pal works previously..

paypal
Digital Payment Apps Can Be Risky for Consumers

Arizona's Morning News

00:35 sec | 1 year ago

Digital Payment Apps Can Be Risky for Consumers

"Complaints made to federal regulators about digital wallets and payment apps. The biggest include PayPal, then mo Cash app ends out If you fall victim to a scammer who is using a payment app. You're out a lot. There are no rules or laws to protect you and get your money back once the money goes out of your account and into somebody else's account. All the APP companies told CBS News as it investigated the story that the payment app companies weren't everyone to be vigilant and only send money to people who you know. In other words, you're on your own. Get more tech news 24 7 at commando dot com.

Paypal Cbs News
PayPal Will Let Customers Withdraw Crypto

The Breakdown with NLW

00:52 sec | 1 year ago

PayPal Will Let Customers Withdraw Crypto

"Pal to allow withdrawals. Here's one thing that's great to see become normalized. When many of the first set of traditional fintech apps and services got into bitcoin crypto. They blocked the ability for users. To withdraw their crypto is of course pretty directly contradicts. The self sovereign does that drive this market. This has now started to shift robinhood reasonably made the switch to allow users to withdraw and yesterday pay pal committed to this as well speaking consensus yesterday. A pay pal exact said quote we want to make it as open as possible and we wanna give choice to our consumers something that will let them pay in any way they want to pay. They wanna bring their crypto to us so they can use it in commerce and we want them to be able to take the crypto. They acquired with us and take it to the destination of their choice to me. This is a clear example of community values and social pressures shaping. The nature of services. So big win for the home team here.

Robinhood
NYDIG Partners With FIS to Offer Bitcoin via Hundreds of Banks

Unchained

00:48 sec | 1 year ago

NYDIG Partners With FIS to Offer Bitcoin via Hundreds of Banks

"Bitcoin in your bank account fintech firm f. Fis is partnering with digital asset manager. Dick to bring about an industry first customers at hundreds of us banks will be able to purchase hoddle or sell bitcoin directly within their bank account without having to go through an exchange such as coin base or payment obligation like paypal ni- dig will handle custody insecurity. The program has already enrolled hundreds of smaller institutions as reported by cnbc night big is in discussions with several of the larger banks in the us. About bringing them into the program. Morgan stanley and goldman sachs have already announced that they will offer bitcoin funds to their high net worth clients with j. p. morgan repeatedly mulling a similar product. Perhaps the decision of smaller banks to train front run. Bitcoin adoption for the everyday customer will pressure the larger institutions to follow suit for their retail customers

Hoddle Bitcoin FIS Dick Cnbc Paypal United States Morgan Stanley Goldman Sachs Morgan
Why the Pandemic Paved the Way for a Property Boom: Simon Pressley

Elevate: The Official Podcast of Elite Agent Magazine

02:01 min | 1 year ago

Why the Pandemic Paved the Way for a Property Boom: Simon Pressley

"Today's podcast. I'm joined by property g. managing director simon presley as a mock analysts. Simon has correctly focused number the big trends in the property market that others didn't quite peak including the recent post covid boom summons also a three time. Australian buys agent of the win and rei hall of fame inductee and a qualified property investment advisor simon. Welcome to the shar hoy same. Thank you very much for having me back. We were just talking. It's about a year to the day that you and i had a webinar with none other than douglas driscoll of stop. Hot is where we were talking about. Exactly that like what. The market was gonna j. covid and i think at the time there was a lot of daming blame top reports all the banks of saying that everything was going to fall off a cliff and you got on the webinar and said no. It's not going to do any of those things idea. Remember back to that time your prediction. Don't forget sam because it was a huge a few months that's been criticized anymore than that period of time in my loss every single banking stroller and probably ninety. Five percent of australia's economists said not just the downturn. According to most of it was going to be the biggest downturn in the history of their country. And i said the complaint long district of the danton. But i said it's going to be a boom in a bloody big one and everyone called me an idiot but anyway here we are today and you were right. That must give you just a little bit of joy to say. Well hang on a second like oh wasn't as crazy as you thought i was. Yeah look what it is but we don't expect to be different but almost always what we forecast is the opposite to whatever that can change this is saying at the time in the back in two thousand and four we. Todd is what was going to be the best before capital city and and people often us. We didn't said that large parts of racial strife would have perform all that capital cities and that happened paypal criticizes for that and then we said that we're gonna come with a pretty big boom so on the criticism as lhasa salaciously.

Simon Presley Rei Hall Douglas Driscoll Simon Danton SAM Australia Todd Paypal Lhasa
PayPal Opens Crypto Payments for Millions of Merchants

The Breakdown with NLW

01:43 min | 1 year ago

PayPal Opens Crypto Payments for Millions of Merchants

"What's going on guys. It is tuesday march thirtieth and today we are talking about pay pal opening crypto payments for millions of merchants first up however. Let's do the brief i. On the brief today micro. Bitcoin futures are coming to the the. Cms has been in. The bitcoin futures game a long time in fact their launch of the bitcoin futures product almost perfectly timed the market top in two thousand seventeen however of course this product is relatively limited now to the people who can play with whole bitcoins at a time. This has gotten trickier as the price of. Bitcoin is nearly sixty thousand again today. This is announcing new contracts. Launching may third that are cash settled and sized at one tenth of one bitcoin. So why does this matter to me. Part of what makes bitcoin. Great is the democratization of participation that it enables buying. Bitcoin at spot is permission. Lists and what's more you can trade institutions. She's not in full bitcoin. This does remain one of the biggest misconceptions in one of the biggest reasons. New people to crypto. Find themselves turning away from. Bitcoin is not realizing that you can buy less than one. Full bitcoin that you can buy fractions of bitcoins. Regardless the 'financialisation of bitcoin could threaten democratization in many ways by only allowing much bigger players to play the game futures contracts that are smaller sized could one allow for a different category of investor to participate in bitcoin derivatives to to allow more diverse types of bats within that space and three reinforced. This notion so important. As i just mentioned that you don't have to buy a whole bitcoin. Now you also don't have to bet on the future of bitcoin with whole bitcoins

Bitcoin