Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy.
However, it will only be available for Robinhood Gold members, which costs $5 a month, or $50 annually.
Apple, for instance, offers 3% cash back on all purchases made at Apple, and on purchases made at select merchants when using the Apple Card with Apple Pay.
The new credit card is part of Robinhood’s evolving business model and offerings over the years.
Gold Membership, a requirement to get the Gold Card, increases the eligible match to up to 3% match.
The new rules prevent “anti-steering” practices, whereby the platform owner — in this case Apple — prevents app developers from informing their users about alternative payment or subscription options.
And the DMA also has provisions for preventing gatekeepers from requiring developers to use their own payment services.
“For years, even in our own app, Apple had these rules where we couldn’t tell you about offers, how much something costs, or even where or how to buy it.
The DMA means that we’ll finally be able to share details about deals, promotions, and better-value payment options in the EU,” Spotify said in a blog post.
One where you can see all subscription pricing, promotions or deals, and even make purchases, all seamlessly within the app.
For two years, Netflix subscribers have been able to download tons of mobile games, all included for free with their subscription.
Netflix has developed more than 75 mobile games, boasting popular IPs like Grand Theft Auto, Love is Blind, Monument Valley, and Oxenfree, among many others.
Now, Netflix could potentially be exploring ways to generate revenue from its gaming business, a recent report suggests.
These methods are common (and effective) in the mobile gaming world, with consumers expected to spend $111.4 billion on mobile games in 2024.
Netflix appeared to shut down the idea of ads and in-game payments during an earnings call in April 2023.
Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital.
She said launching Maka began during the pandemic when she was in Ghana and struggled to find inclusive fashion inspiration.
To address the trust element, Maka leverages videos as a means to connect users with trusted creators.
Notably, the platform offers a review option, allowing customers who make purchases to share their feedback through video reviews, usually between 30 and 60 seconds long.
Furthermore, creators can download their reviews from Maka and share them on other social media platforms, earning additional points for each share.
Epic Games was found guilty of violating competition law by exploiting consumers through a digital loot box system in Fortnite. The FTF levied $245 million fines on the developer, requiring…
