Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription
Earn up to 4% bitcoin back on every purchase. Coming fall 2025. Tikta / Unchained : Coinbase and Amex Team Up on Bitcoin Card as Exchange Reveals Broad Expansion Plans Jenna Montgomery / Bitcoin Maga...
The DOJ charges AI shopping app Nate's ex-CEO, Albert Saniger, with fraud, alleging the app relies heavily on workers in the Philippines; Nate had raised $50M+
#RIPNate Paul Rietschka / @prietschka : Can't wait until more and more of the ‘agentic’ revolution turns out to be (1) just ‘500 employees in Hyderabad,’ and (2) has some high-profile failures where ‘...
Sources: Visa offered Apple ~$100M to become the Apple Card's payment network; Amex is also competing while Mastercard is trying to keep its role as the network
AnnaMaria Andriotis / Wall Street Journal :
In Joe Rogan's softball interview, Zuckerberg pointed to Apple and agencies like CFPB as new targets for the GOP, without mentioning GOP's pressure on Meta
'They haven't invented anything great in a while' Brendan Ryan / Dexerto : Mark Zuckerberg reveals staggering number of Meta users during Joe Rogan's podcast Nathan Worcester / NTD : 5 Takeaways From ...
Private equity firm Permira acquires Squarespace after raising its bid to $7.2B; Squarespace sells restaurant reservation service Tock to Amex for $400M
Website builder Squarespace is no longer a publicly-traded company, after private equity firm Permira procured all remaining common stock in the firm.
eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17
- Online marketplace calls Amex fees ‘unacceptably high’ — Change to take effect Aug. 17; Amex defends its fees
Apple blocking Beeper Mini, not a service unto itself but an unauthorized client for a proprietary platform that costs a lot to run, is not anticompetitive
what a shame! I swear, these companies — Meta, Spotify, and Epic come to mind — are the whiniest bastards ever. In a hypothetical situation where Meta made its own phone and Apple wanted to create a...
Apple blocking Beeper Mini, not a service unto itself but an unauthorized client for a proprietary platform that costs a lot to run, is not anticompetitive
There's a lot to catch up on since last I wrote about Beeper. Long story short, they've been playing — and no surprise, losing — the cat-and-mouse game with Apple. Threads: @eshumarneedi , @lscottspe...
Nonprofit Data & Trust Alliance, comprising Amex, IBM, Pfizer, UPS, and more, announces AI data provenance standards to help find the origin and rights to data
Steve Lohr / New York Times :
Sources: Goldman wants to exit consumer lending and offload its Apple partnership, possibly to Amex, which has balked at Apple Card's loss rate and other issues
The bank, which reports third-quarter earnings Tuesday, is fighting profit declines and flagging stock