[lotsofpulp]

Can you give examples? I thought becoming a bank in the US is famously difficult and regulated, so much so that most businesses who can avoid it do so by partnering up with existing, tiny banks. See almost any “fintech” solution, from startups all the way up to Apple.

As far as I understand, becoming a bank is inviting a ton of overhead with little profit potential.

[pests]

I don’t think they meant a literal bank, but finance games become a bigger part of their core strategy. For example, AirBnB for a while made a majority of its profits by investing the money guests paid during the gap between booking and actual stay (paying the host).

[lazide]

Correct - at some point, the enterprise revolves around either finding better return on excess Capital they have, or finding additional Capital.

Which is the core premise of a bank, even if the business doesn’t say ‘Bank’ on the side of the building.

[pests]

Agreed but elsewhere in threat people are assuming a literal bank with all the regulations that go along with it, etc.

[lazide]

True, though…. [https://en.m.wikipedia.org/wiki/GE_Capital]

[beAbU]

Tesla has huge crypto holdings.