It may not have as much of an impact as you think. Many companies like #Visa, #Mastercard and #Amex made a big PR splash saying they were cutting off Russia. But if you read the fine print, they simply were not letting people use Russian issued credit card in other countries. They will still work just find in Russia, which means this will have virtually no affect at all.
As for companies like #McDonalds and #Apple, Putin said he may simply nationalize those companies' stores and confiscate all their assets, and continue to run them with Russians in charge!
This is nothing but a PR ploy by these credit card companies. The cards that were issued in Russia will still work in Russia. This will have literally no impact on the Ukrainian invasion.
If these companies really wanted to make a difference, they would prevent them from working IN Russia. Of course that would actually cost them money. $V, $MA, $AXP
Fascinating video. I agree the system is flawed, but not just because of fraud.
For example, #Twitter has a partnership with #AmericanExpress, where you can get access to exclusive benefits and discounts by tweeting a specific hashtag after linking your #Amex card to Twitter. But you can only link 1 card to one account. But many people have multiple Amex cards. I literally HAD to create several additional Twitter accounts just to take advantage of this program and maximize my benefits. $TWTR $AMEX $AXP
American Express Posts Q2 Earnings Beat, Revenue Miss
Bullish on $AXP
Ancient Lessons For Modern Planners
It may not have as much of an impact as you think. Many companies like #Visa, #Mastercard and #Amex made a big PR splash saying they were cutting off Russia. But if you read the fine print, they simply were not letting people use Russian issued credit card in other countries. They will still work just find in Russia, which means this will have virtually no affect at all.
$V $MA $AXP $MCD $AAPLAs for companies like #McDonalds and #Apple, Putin said he may simply nationalize those companies' stores and confiscate all their assets, and continue to run them with Russians in charge!
Visa, Mastercard, Amex Suspend All Russia Operations
This is nothing but a PR ploy by these credit card companies. The cards that were issued in Russia will still work in Russia. This will have literally no impact on the Ukrainian invasion.
If these companies really wanted to make a difference, they would prevent them from working IN Russia. Of course that would actually cost them money. $V, $MA, $AXP
Did Buffett Just Bet Against The US? Berkshire Buys Barrick Gold, Dumps Goldman
"You can bet on America, but you are going to have to be careful on how you bet. Simply because markets can do anything,” he said.
Hence $AAPL $BAC $AXP
Twitter Plunges After US Monthly Users Drop; Ad Revenues Tumble
Fascinating video. I agree the system is flawed, but not just because of fraud.
For example, #Twitter has a partnership with #AmericanExpress, where you can get access to exclusive benefits and discounts by tweeting a specific hashtag after linking your #Amex card to Twitter. But you can only link 1 card to one account. But many people have multiple Amex cards. I literally HAD to create several additional Twitter accounts just to take advantage of this program and maximize my benefits. $TWTR $AMEX $AXP