Is Desperate American Express following in Lending Club’s Footsteps?

Like their brethren at PayPal (NASDAQ: PYPL) and Square, American Express’s leaders think they can limit the risks from such lending with their detailed knowledge of spending habits. For example, Amex might extend more credit to a borrower, who only uses his credit card to pay for business supplies. The company deny credit to somebody who uses her card to pay off a bar tab or a casino.

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Is a Social Media Apocalypse upon Us?

Naturally, all this brings up the question of what happens if the social media bubble bursts. That’s hard to answer because I’m not sure that there is a social media bubble, although there is a LinkedIn bubble that is in the process of bursting before our eyes.

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