Singapore-based Chocolate Finance, launched in 2024 to disrupt traditional banking for Gen Z, is facing backlash after freezing withdrawals, capping spending, and blocking top-ups, leading to negative sentiment online. The crisis stemmed from a partnership with HeyMax rewards platform and a promotion offering air miles, which was abruptly halted due to unsustainable bill payments, triggering customer withdrawals and criticism. PR experts criticized the handling of the crisis, highlighting the need for preparedness, quick response, and customer trust retention strategies. Despite the turmoil, some investors have voiced confidence in the startup, while customers question their return.
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Haas rookie Bearman’s troubles continue at Australian Grand Prix
Haas driver Oliver Bearman caused a second red flag at the Australian Grand Prix by spinning off the track during the final free-practice session, following a previous crash in first practice. The 19-year-old rookie lost control and got stuck in gravel after veering into grass at turn 11, requiring a crane to lift his car out. Bearman, one of six drivers making their F1 debut in Australia, missed the second practice session on Friday while...
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