Michael and Johnny wrap up their US FinTech tour by reflecting on their learnings. They look at the US FinTech landscape, the common strategies that this new generation of FinTech companies have employed, and what opportunities still remain in the US.
In News of the Week, the Chinese government has fined Alibaba $2.8B for monopolistic practices - for forcing its Chinese merchants to sell exclusively on one e-commerce platform instead of letting them choose freely among different services.
Recorded Date: Sunday, April 10, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:03:10: US Fintech Opportunities
- 00:05:06: Common Strategies
- 00:13:36: US opportunities?
- 00:19:45: Summary
Highlights
- Chinese government fines Alibaba $2.8 B for monopolistic practices - will the US follow suit with it's large tech companies?
- What are the FinTech opportunities in the United States?
- Companies are becoming banks to work with banks for people who are banked
- What common strategies are these companies employing?
- Do these companies have a cap on how large they can get that is determined by the existing giants?
- Michael learned budgeting and how to file taxes in high school
- How can we encourage the use of bitcoin as a currency vs. an investment?
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