kaynelynn

3 ms·

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Millionaires can afford their dream homes. They're renting instead(wsj.com)
3 points by kaynelynn 2y ago|0 comments
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by kaynelynn 2y ago
In a real world example you would be correct. This would fall under the “equity” of the accounting equation assets = liabilities + equity. The equity part can be confusing but is where many of the non obvious second entries end up.
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by kaynelynn 3y ago
In addition to what others have said, it’s also a tricky cold start problem to get enough car issuers, users, and merchants on board. As far as I can tell (mostly from Acquired episodes linked in a separate comment), Block with Cash app &#x
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by kaynelynn 3y ago
Highly recommend the Acquired Visa episode and the follow up on ACQ2 for those looking to learn more about the inner workings of these networks and economics and history of interchange fees and Cashback programs. These transactions can invo
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by kaynelynn 3y ago
I’ve been down this path, all of the APIs specifically restrict monetization of apps that interface with their API, except under very specific circumstances.
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by kaynelynn 3y ago
Visa and MC only take .1% of the 2.9% you are thinking of. The rest goes to the banks on either side of the transaction (one for the merchant, one for the purchaser). They are however building more “solutions” to try and capture more of the
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by kaynelynn 3y ago
Rewind.ai is pretty much this - I just installed it and am very happy so far.
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by kaynelynn 3y ago
To the previous shareholders of Twitter to compensate them for the shares.