Daily Briefing: March 8

The stat, the quote and the read, you need to start your day off right.

Stat

Customers sent $490 billion through Zelle in 2021, as opposed to $230 billion through its closest competitor, Venmo. It's the sort of number that would rattle you to your core if you live in a Venmo home and serve as a wake-up call that we all live in some manner of bubble.

Fraud is a major concern, no matter what payment app you use. According to industry consultant Javelin Strategy & Research, over 18 million individuals were defrauded via payment apps and digital wallets in 2020.

Quote

“Corporate statements do very little to change outcomes or minds.”

Bob Chapek, the CEO of Disney, informed employees that the company would not take a formal position on Florida's "Don't Say Gay" bill, which prohibits teaching about sexual orientation and gender identity in schools. According to Chapek, while Disney's leadership team unquestionably supports the LGBTQ+ community, there are other ways to effect change.

Read

A profile of the Saudi Crown Prince Mohammed bin Salman. (The Atlantic)

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