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Bloomberg Intelligence
Uber Bookings Miss Estimates, TikTok Lawsuit, Intel Revenue
May 8, 2024
Bloomberg Intelligence analysts discuss Uber, Lyft, Reddit earnings, Apple stock decline, TikTok ban impact on Intel revenue. Reporters uncover 'Phantom Debt' risks. Insights on China-US chip sales, Apple-Google AI partnership, Shopify e-commerce integration, legal battles with Chinese app, and tech industry market share strategies.
44:19
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Quick takeaways
- Buy Now, Pay Later services offer attractive zero interest rates but can lead to financial difficulties with late fees and multiple payments.
- Phantom debt related to Buy Now, Pay Later services remains untracked, posing challenges in assessing true consumer debt levels and economic impact.
Deep dives
The Rise of Buy Now, Pay Later Services
Buy Now, Pay Later services have gained popularity, especially during the pandemic, allowing consumers to split purchases into four installment payments over six weeks, with the first payment due at checkout. These services usually offer zero interest rates, making it an attractive option for consumers. However, late fees and challenges in managing multiple payments from different providers can lead to financial difficulties.
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