Apple and Goldman Sachs suspend development of stock trading features for iPhone as market turmoil puts projects on hold
Hawk_Finance
2023-09-21 18:00:38
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As the stock market surged in 2020 and consumers flocked to trading apps such as Robinhood, Apple and Goldman Sachs had previously been developing an investment feature that allowed consumers to buy and sell stocks, according to three people familiar with the matter.。However, the project was shelved last year as the market turned sluggish。The move has never been reported before, but it could have added to Apple's suite of financial products powered by Goldman Sachs.。Apple first teamed up with Wall Street banks to offer credit card features in 2019, then added a "buy before pay" feature, which the company said last month had more than $10 billion in user deposits in its savings accounts.。
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