Apple Card Transforming Goldman Sachs into Consumer Powerhouse

Apple Card is a key part of Goldman Sach’s work to become a key player in the consumer market, its CEO said. David Solomon made the comments in an interview with CNBC.

“Apple Card is big, but it’s also a beginning,” Solomon said Tuesday in an internal memo obtained by CNBC. “In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses, with customer-centricity at the core of everything we do.” The co-branded credit card rolled out Tuesday to all U.S. customers, featuring a cash-back policy of up to 3% as well as a titanium, laser-etched physical card. “Apple Card makes a typically frustrating application process easy; it provides an interface with more useful information for the customer; and it places greater importance on customer privacy and security,” Solomon said.

Apple's Privacy Rule for Kids Apps Delayed

At WWDC 2019, Apple announced stricter rules for kids apps. Developers of these apps aren’t allowed to use analytics within them. Ads would also be limited. Apple is now delaying the rule to give developers more time.

Apple says it is making the move in part to better protect users’ privacy by shielding children from data trackers, a move that has been lauded by some privacy advocates. But some developers say they fear that the new rules won’t protect kids — possibly exposing them to more adult apps — and could pointlessly reduce their businesses.

Maybe don’t make preying on kids your business model?

Student Studying Disinformation Has Twitter Account Suspended as Part of China Crackdown

On Monday, Twitter suspended over 900 accounts it said were involved in a Chinese disinformation campaign in Hong Kong. One of those people who had their account suspended, 24-year-old Luka Ivezic, told the BBC his account should not have bee amongst those flagged by the social media firm.

Mr Ivezic, who was born in Croatia and says he has never been to China, recently completed his thesis. The subject? “Disinformation, and how artificial intelligence can empower the tools that China and Russia have to misinform us.” “It is a bit ironic that something like this would happen to me,” he said after I contacted him about the list. According to documents released by Twitter on Monday, four of Mr Ivezic’s tweets were flagged, all of which discussed Artificial Intelligence, bitcoin and other related tech subjects. Tweets, which he says, he posted himself… “It doesn’t make any logical sense,” said Marin Ivezic, Luka’s father, a partner with consultancy firm PriceWaterhouseCoopers, working on cybersecurity.