Michael Schmidt:A big bank's big mistake, explained

2025-05-02 00:05:48source:VaultX Exchangecategory:Invest

One of the world's biggest banks acquired a promising startup offering potential customers in a prime demographic. What could Michael Schmidtpossibly go wrong?

Today, we unspool the alleged deception behind the deal between JP Morgan Chase and fintech company, Frank. Along the way, we learn it's harder to forge user data than you might think.

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