Wealthsimple mortgage offer: take 0.05% off rate for every $50k invested. How does it make sense?

[mzgodlover]

@resjudicata It was not competing with cable. It was competing with going to the movie rental or corner store to get a movie once a week. It is comparable in price (and much better with selection)

 

[resjudicata]

@mzgodlover lol right? It was directly competing with RedBox and Blockbusters - that was the allure. Even if Netflix was $25 a month, it would still beat cable and every other provider.

 

[dal56wad]

@resjudicata Yeah but it also sucks…

 

[meza84]

@gearysa Because they needed to make more money. Or more specifically: profit

 

[zeru]

@gearysa Dollarama type stores did this model as well

 

[growingflower11]

@mhbb2 That’s all fintechs eventually unfortunately.