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HBR Readers Club

Note: All discussions and summary about HBR articles

Session : 1

Date: May 09, 2020 - Saturday

Title: This App Wants You to Borrow Money From Friends, Not Banks

Link: http://www.wired.com/2015/02/app-will-wants-borrow-money-friends-banks/?mbid=social_fb

Participants: Raja CSP

Summary:

Trust builds over time. This happens organically when you’re around a person in real life, but Puddle obviously didn’t have the luxury.

Puddle sits between the integration of Facebook and Reddit - Facebook because it grabs onto your social graph, Reddit because there’s a reward system for a good behavior and common interests.

On Puddle you can peruse profiles and see anyone’s payback rate.