GloriFi: A New Anti-Woke Bank Stumbled

GloriFi: A New Anti-Woke Bank Stumbled(wsj.com)

8 points by dwynings 3 years ago | 13 comments

jqpabc123 3 years ago |

Seems predictable enough for a bank that is serving politics instead of customers and investors.

jfengel 3 years ago | |

Did it even achieve that?

People do make choices to support companies that hold their values, sometimes at a personal cost. You may pay more for an item made under ethical practices with respect to people, animals, or the environment. You may even simply choose it because you like their attitude.

The Penzey's spice company, for example, does quite well despite deliberately excluding anyone who would be offended by their motto "season liberally". (The double entendre is deliberate.) But they also make a very good product.

So... Did these guys even achieve a conservative political end? Or were they simply hoping to get customers by pandering and deliver subpar service?

jqpabc123 3 years ago | | |

Just the mere fact that they intentionally chose an overtly political focus indicates poor judgment and misplaced priorities --- not the sort of people I would choose to do business with.

Comevius 3 years ago |

Conservative platforms are always troubled with incompetence and corruption, but we should be thankful for that because oligarchs like Peter Thiel pretty much want to lead us back to feudalism. He has some sick, totalitarian ideas for humanity, thankfully he is just another rich boy that got lucky with the internet, which keeps him busy pretending to be smart while everyone is rolling their eyes. I'm pretty sure he would be a serial killer if he wouldn't be able to play a villain like this.

freedomben 3 years ago | |

> Peter Thiel pretty much want to lead us back to feudalism. He has some sick, totalitarian ideas for humanity,

That's a pretty extreme accusation. Can you be more specific on why and/or how Thiel wants to get us back to feudalism? Are you just guessing based on investments he has made or has he actually said that? What are some examples of sick totalitarian ideas that he has for humanity?

Comevius 3 years ago | | |

His entire ideology revolves around a leader fixing things along with grand themes of technology, revolution and apocalypse, and he founded Palantir, a big-data surveillance defense company named after the seeing-stones of The Lord of the Rings. He keeps talking about the world like he is some kind of God leading us to salvation. He is posing as a visionary, and he is considered by many a return of an ancient form of power, a monarchic, feudal character.

I think he is more like a buzzword generator trying to destroy our democratic institutions for fun. I think he plans to become a warlord, prophet, king or something equally stupid in the climate chaos, though he is already 54, so we have that going for us. He plans to live forever, because buzzwords, but that's not going to happen. I don't think he would do well without his wealth either, he is not that charismatic or smart. He only meant to thrive on exploiting our world, he is the very product of our late-stage capitalism. His contrarianism is the antithesis of the rationalism and humanism that brought much of the advancements we enjoy today regarding human dignity, rights, ethics and laws, even politics. We don't enjoy them universally, and we won't enjoy them continually, but that's no reason to give up on them.

shaburn 3 years ago | |

These platforms have been at a disadvantage because of the demographics and ideology of the lion share of the cohort that would build their tech stack. That edge is not written in stone. especially with increasing commoditization of code.

Comevius 3 years ago | | |

That's a funny take, conservatives stubling with digital technology in 2022, though it looks like the lack of company management did them in. They had big dreams and a drunk CEO spiking his Red Bull with alcohol, screaming at investors for more money for even bigger dreams. All that with the name GloriFi, which sounds weirdly sexual and network-related at the same time. They should've sold toys for men with that name.

irsagent 3 years ago |

https://archive.ph/RvyJ2

spamizbad 3 years ago |

I had no clue people found their banking too woke. I feel like every consumer banking experience I’ve had has simply been bland.

krapp 3 years ago | |

"Wokeness" is part of a modern "Red Scare" mentality among the right. The "anti-woke" find it everywhere now, believe it undermines every facet of society, and fear "the woke" secretly control everything and conspire against them like dark puppetmasters.

shaburn 3 years ago |

Bigger problem is politicians and rich investors trying to brute force startups in unfamiliar domains.

ladyattis 3 years ago |

I don't get why some conservatives hate having marketing that's targeted to different groups. Oh no, there's a bank that isn't gonna be hostile to the gay couple when it comes to getting their first mortgage or whatever else seems to get a rise out of them. I'd be more interested in things like a bank that still isn't dependent on using excel worksheets to generate letters (Wells Fargo Mortgage division at least in 2015 was doing that when I was talking to a recruiter then for job opportunities).