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> The thing that worries me about this, is it’s a slippery slope to becoming the next GE. Sony seems to be doing okay, and their Sony Financial Holdings offers
by CharlesW 3y ago
> The thing that worries me about this, is it’s a slippery slope to becoming the next GE.
Sony seems to be doing okay, and their Sony Financial Holdings offers online banking services through Sony Bank, life insurance through Sony Life, and insurance through Sony Assurance (albeit only in Japan).
- crowcroft 3y agoYea, it’s not to say it can’t be done. Playing in financial services can be lucrative if done well. The catch is that there is always an existential risk associated with it, and so if it’s not the core business I think anyone should be very very cautious about how they approach it. If the existential risk can be offloaded to a partner while some upside is retained, it’s probably a good idea.