Viral Apple Card Tweet Prompts Goldman Sachs Probe

The transcript discusses a controversy involving Goldman Sachs and Apple over alleged gender discrimination in credit limits for their joint credit card. Key figures like David Hanson and Steve Wozniak highlighted disparities in credit limits between themselves and their spouses. The issue raises concerns about algorithmic decision-making and calls for regulation. Goldman Sachs is also focusing on diversifying its revenue sources and competing with major financial institutions.

What was the main issue highlighted in the Goldman Apple credit card controversy?

• Data privacy concerns

• Poor customer service

• Gender discrimination in credit limits

• High interest rates

Who were the notable figures involved in bringing attention to the credit limit disparities?

• Larry Page and Sergey Brin

• Elon Musk and Jeff Bezos

• David Hanson and Steve Wozniak

• Mark Zuckerberg and Bill Gates

What concern did Hanson express about algorithmic decision-making?

• Algorithms are too expensive to implement

• Algorithms are unpredictable and need regulation

• Algorithms are too slow

• Algorithms are outdated

What is one of Goldman's financial goals mentioned in the video?

• To exit the consumer credit market

• To achieve a $5 billion target in extra revenue

• To reduce their workforce by 10%

• To merge with another major bank

What challenge does Goldman face in their consumer credit strategy?

• Increasing interest rates

• Maintaining profitability and efficiency

• Lack of customer interest

• Regulatory hurdles