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At a certain size every company becomes a bank. Once a company can do its own banking like things it doesn’t make sense to pay anyone else. It’s somewhat like r
by matwood 2y ago
At a certain size every company becomes a bank. Once a company can do its own banking like things it doesn’t make sense to pay anyone else. It’s somewhat like rich people who can self insure.
- zikduruqe 2y agoLike Ticketmaster? Aren't they just a cash holding business? You buy a ticket for a concert 18 months in the future, they hold the cash doing whatever to preserve it and grow it, then settle up with all interested parties 18 months later?
- matwood 2y agoCar makers are the classic example. Why ship all that loan business to a bank, when they could be the bank. IDK who gets paid when from TM, but if they start offering people the ability to buy tickets on TM credit - yeah, bank.