There are a couple points that get made. This all starts though with Elon Musk and his push like the title says to make give twitter the ability to not only be a social media type software. Now he since taking over twitter has pushed for the ability to bring twitter into the financial world. eToro is the link for Musk to be able to make this idea even more possible. eToro being founded in 2007 is a company for the purpose of users buying and trading stock, as well as cryptocurrencies and index funds. eToro being an online banking brokerage gives people the ability to do these four tasks all online. Now that twitter over the years has being Assia and FintWit are two more companies in the finance world that have joined twitter and Elon Musk. 

While all of this might be good for the economy and the online trading world. This could being up issues overall though. For many people software like twitter in the first place was made as a social media software. This type of media would give people the ability to interact with others from any distance away. Media like twitter, Facebook, instagram for years have had this purpose. Now with the change of twitter, it brings up the possible questions of is this something all media apps could do to bring in more money. We already see around the world how stocks and cryptocurrency could have its negatives. I do believe this could lead to some great things for the online world that we now live in. In some ways though this also brings up some concerns. 

Questions: Do you think apps like twitter going into the financial world is a smart decision?

What type of impact do you think this could have on the country and the world?. 

Do you see others following in their footsteps?.

Apple Launches Savings Account with 4.15% APY

Apple has teamed up with Goldman Sachs to create a  high-yield savings account for its Apple Card customers. As of its launch, Apple will offer a 4.15% APY to card-holders, a competitive rate given the current volatility in the financial markets. Customers will benefit by getting cash back on all their purchases when they use their Apple card. Every purchase will have a return of 1% in cash  rewards, and 2% if Apple Pay is used. Up to 3% rewards is possible for cardholders for transactions with certain merchants. Card users may opt to deposit their daily rewards into their savings accounts, which is automatically covered by the Federal Deposit Insurance Corporation (FDIC).

 

Question

1) Do you think this move to further expand into offering financial products is wise for Apple's business?

2) Do you think we should expect to see more tech (or non-financial companies) making similar moves to Apple and do you think investors can be confident in opting to use their financial products?