Profitable Business Model and no one has really done it for financing so we set off with affirm to try and do that. What we did that and started with was pointofsale lending. When you go to the Department Store the person will say come apply for the instore credit card and you know it will be a painful process and you probably when i get approved and it is based on your fico score some magical scored no one understands and the fees will be bad and the Interest Rate horrible but it is a great boon to retailers. It increases sales and improves conversion. So they say what if we provided a great alternative. But affirm is for consumers to make purchases at pointofsale . Thats what it is today. Youre taking a one interest load, slightly high and then fairly low. Compared your credit card, if will pay 700 several hundred dollars. What would you charge me on an affirm loan . Somewhere between 60 and 17 and the average credit card, the millennial someone who is fresh of college with a psycho
To help you with the political war. You put it differently, you said its a campaign that you are running. Is bringing him on part of this creating a kinder, gentler he does not start until the end of september. He was obamas 2008 Campaign Manager and he was an advisor sort of in between the campaign and the white house in 2012. He is a pretty incredible guy. But the context is we view where we are at as there is a Political Campaign that is happening. We did not really realize it but there is a Political Campaign that is happening and uber was the candidate. The opposition was the taxi cartel. They were the opponent. Maybe there are some primaries going on that some other folks in the ridesharing space, etc. But the big opponent was the taxi cartel. They have been giving political donations for dozens of years, tens of years, decades. They have been lobbying folks for those same decades. Bayonne local politicians. They have created a monopoly in every single city for taxis. The causes
Families together. Why do you think it is . If you have an eightyearold, 12 year old and they are sitting there at home on a friday night saying i like this idea or do not like this idea, i wouldnt pay as much of the evaluation, understand what equity is an approximate gross margin. Parents, you will be proud of your kid when their top by that instead of was number one on the charts and tell me about our rio Arianna Grandes latest hit. It is to them being an entrepreneur and being excited about business. You can call it a new age lemonade stand. And theres a theater for a entrepreneurship and we see that with techcrunch and you are involved. We have had Companies Grow up and blow up. Switching gears and well wrap it up shortly, you recently talked about Companies Moving overseas to avoid u. S. Taxes. Whats wrong with trying to make your company more profitable . Absolutely nothing with making your company more profitable, but who owns your company . Shareholders. There is a misconcepti
Going to be doing something you liked and that eased the pain for me of you being here. Youre such a kind soul. Nothing is going to rain on my parade. Its a friday. Its a jobs friday and its his birthday birthday. Thats right. And hes going to be with us. Hes not going to be in studio. I wish he was. We would need a lot of candles. But 89 baby. Youre going to sing to him. Happy birthday mr. Chairman. You might need to do that right . Only you can do that. He said some stuff recently. Have you been reading the stuff he said . I read some last night. Worst demand since the depression. Euro no way it lasts. When you do get older you start saying things you really dont care quite as much about the repercussions. You speak the truth. You do. Whose read is this anyway . Its mine. Well what are you doing. It is jobs friday as you mentioned but its also allen greenspans birthday and national day of unplugging. Its time to put down your smartphone, your tablet your computer and all other electr
Was spied on by that agencies. The Obama Administration is giving consumers more time to sign up for health care coverage, a six week extension. This will help them avoid new tax penalties. The move comes after the troubled rollout of the president s overhaul of the health care plan. That is it for your update. Check us out at aljazeera. Com. We will see you then. Check. Lz welcome to al jazeera america. Stories. A Bipartisan Group of lawmakers plans to introduce a bill that could strip the nsa of om of its powers. If passed it ends the agencys ability to bulk collect phone records and restrict who it can spy on. Fighting in syria blocked u. N. Inspectors from access to two chemical weapons facilities, a setback in an attempt to rid syria of chemical weapons. Inspectors did not say whether the Syrian Rebels or the government was responsible for the delay. Negotiations for access are under way. Abortion right supporters in texas are celebrating a legal victory after a judge found provis