Apple's Secretly Bankrupting Billionaires (Again)

*** Newest Subscriber ⭐️ Minh Lai ⭐️ ***
Apple’s Turning Billionaires into Millionaires.

In June 2022, Apple hosted an event that went viral. Because at the event, Apple announced something no one expected. It wasn’t the software for an Apple Car or the new Macbooks. This year, Apple dropped a bomb on billionaire entrepreneurs.

That bomb was Apple’s Tap to Pay.

It’s a feature for iPhone users to accept payments by holding their phone close to another phone. Basically, it turns your iPhone into a credit card machine. And actually, Apple bought the tech for $100 million dollars in 2020. But Apple buys a new startup every 3 to 4 weeks, so everyone forgot about it, until now.

Billionaires are preparing to lose their money because Tap to Pay is about to launch.

This is the CEO of Square. Square is one of many companies offering the exact same service but also needs you to buy a piece of hardware. But now, shops with iPhones have no reason to buy Square’s hardware.

In fact, after Apple’s announcement, Square lost $12 billion dollars in market cap. This means…

Sources:

[https://9to5mac.com/2020/07/31/apple-mobeewave-acquisition/](https://9to5mac.com/2020/07/31/apple-mobeewave-acquisition/)

[https://9to5mac.com/2022/02/08/apple-pay-tap-to-pay-iphone-feature-announced/](https://9to5mac.com/2022/02/08/apple-pay-tap-to-pay-iphone-feature-announced/)

[https://www.cnet.com/tech/mobile/wwdc-2022-recap-ios-16-everything-else-apple-announced-yesterday/](https://www.cnet.com/tech/mobile/wwdc-2022-recap-ios-16-everything-else-apple-announced-yesterday/)

[https://medium.com/swlh/apple-just-wrecked-15-startups-in-less-than-1-hour-ca1593b2ca7f](https://medium.com/swlh/apple-just-wrecked-15-startups-in-less-than-1-hour-ca1593b2ca7f)

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