3 ms·

It's highly unlikely that Amazon or Apple "had no idea how to comply with banking regulations".

• supergauntlet 7y ago
  Both Amazon and Apple have law departments larger than most large startups. It was intentional. They know nobody will do anything. So really, it's a case of "tech company pretends to be incompetent at pretending to be a bank."
  • sharkweek 7y ago
    Sign up X customers and make Y dollars. Get fined Z dollars for breaking a regulation. If Y > Z, congratulate those responsible.
    • deleted 7y ago
      [deleted]
    • willart4food 7y ago
      +/- TOO_BIG_TO_FAIL
    • blackoil 7y ago
      We should also factor in. Legally Signup n customers and make W dollars. It should meet Y-W > Z