A prime example of what “innovation” means at most startup technology companies:
I’m not sure whether or not I believe that companies like this are “evil” or not, but I do know that articles like this trip me up because I’m someone who puts a lots of time and life into something I really care about, something that I think will have a positive impact on many people, all around the world. I often forget that most companies and many people haven’t evolved beyond “extract money from others.”
BNPL, just another reason for binge-shopping. Capitalism FTW or WTF?😆
Oh! What about climate change?😬
I'm pretty positive on capitalism (prove me wrong?), but disappointed with consumerism. Until I really need to buy something. Circular & sharing economy FTW!
This reminds me much of "Robinhood’s Big Gamble", an article discussing another infamous app that made risky financial products broadly accessible.
As the US lawmaker's reticence suggests, Klarna and the likes seem mostly positive innovations. But it's good that this article points out the dangers to these sexy apps:
(PS: Klarna's Smooooth advertisment videos are very sexy indeed, they even have this totally unrelated 10-minute ASMR or something video, “Smooothfulness.”, which is in my watchlist. Branding I guess?)