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Apple will now be treated like a bank

(9to5mac.com)
105 points mgh2 | 1 comments | 22 Nov 24 06:06 UTC | HN request time: 0.204s | source
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bsaul ◴[22 Nov 24 09:05 UTC] No.42212259[source]▶
A friend of mine , 15 years ago (ios 3), already predicted that the only reason why apple would stash that amount of cash was if they planned on turning into a bank.

Hats off to you, my friend !

replies(4): >>42212413 #>>42212435 #>>42212669 #>>42216556 #
1. rsync ◴[22 Nov 24 19:10 UTC] No.42216556[source]▶
No, I I think it’s the opposite.

There is some threshold of financial assets after which there is nothing to do but become a bank.