The Register: Opera hits back at ‘short seller’ whose report claimed its ‘predatory’ microloan droid apps could hurt, er… investors. “In response to the report, Julia Szyndzielorz, a senior public relations manager at Opera, said: ‘We believe Hindenburg has issued this report with the attempt at creating a situation to short Opera shares.’ She told us: ‘The Company believes that the report contains numerous errors, unsubstantiated statements, and misleading conclusions and interpretations regarding the business of and events relating to the Company.'” None of those errors, statements, etc. were apparently included in the response given to the Register. I’m going to keep an eye on this, as I was a huge Opera fan back in the day.
Engadget: Opera accused of offering predatory loans through Android apps. “Opera has frequently tried to claim the moral high ground in the web browser world, but it’s being accused of using its side projects for far less virtuous behavior. Hindenburg Research has published a report alleging that Opera is running four Android apps aimed at India, Kenya and Nigeria (CashBean, OKash, OPay and OPesa) that appear to be in direct violation of Google Play Store policies forbidding predatory loans and deceptive descriptions.”
Techdirt: Giant Publisher Macmillan Goes To War Against Libraries. “f you’re not already aware, most libraries offer ebook lending — which gives borrowers temporary access to an ebook, just like borrowing a hard copy library book. I use this all the time to borrow ebooks from my local library (which has also resulted in my buying permanent copies of many of those books). However, Macmillan has decided to crack down on the practice. “
American Banker: This lender is using AI to make loans through social media. “As U.S. banks wrestle with the decision of whether to use artificial intelligence to help calculate credit scores and make loan decisions, a potential role model is MyBucks, a company that’s been doing this for more than a year —and has even begun offering 15-minute, AI-based loans through WhatsApp and Facebook Messenger.”
Google Compare is now giving quotes for mortgage rates. (I was wondering about all those press releases I saw: “So and So teams up with Google Compare!”) “Google Compare web service now offers quotes for home mortgage rates in California, free of charge. The launch turns Google into an official mortgage loan broker, giving consumers a way to connect with companies that can provide home mortgages.”