Podknife - A $175 Million 'Huge Mistake' by The Journal.

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A $175 Million 'Huge Mistake'

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: Apr 12, 2023
Episode Duration |: 00:20:26

When JPMorgan Chase paid $175 million to acquire Frank— a college financial planning startup— it touted big plans to connect with the company’s millions of users. Then it all went wrong. WSJ’s Melissa Korn recounts the story of what went wrong. Further Reading: - Frank Founder Faces Criminal Fraud Charges Over JPMorgan Deal - Frank Founder Says JPMorgan Knew How Many Users Firm Had in $175 Million Deal - JPMorgan Bought College Financial-Aid Platform for $175 Million—and Now Says Most of Its Users Were Fake Learn more about your ad choices. Visit megaphone.fm/adchoices

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