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Wednesday 5 May 2021

The Daily Money: Selling 🏠 through iBuyer apps

08:44

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In today's Daily Money newsletter, we have insights on Facebook's ban of former President Donald Trump, Peloton's treadmill recalls and iBuyers. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Wednesday, May 5

Good morning, Daily Money team, it's Nathan Bomey back after a couple of days off.

It's Cinco de Mayo, but that might not mean what you think.

📱 We've got a lot of breaking news this morning, starting with the decision by the Facebook Oversight Board to uphold the platform's ban on Donald Trump following the Jan. 6 insurrection at the Capitol.

Facebook could technically overturn the decision later this year, so it's not over yet. But this move deals a significant setback to the former president's ability to communicate directly with Americans after he was also permanently banned from Twitter .

On to our ... 

💡 INSIGHT OF THE DAY: Would you sell your home to a company on an app? Companies known as iBuyers, like Opendoor and Zillow, are offering to buy and sell homes online for a fee similar to the typical real estate agent's. Check out our Swapna Venugopal Ramaswamy's fascinating story on the iBuyer trend.

📰 Here are more stories you'll want to see:

1. Peloton finally gave in. The company is recalling its treadmills and apologizing after previously fighting the U.S. government's request to do so.

2. This could spoil your lunch: A woman is suing her local McDonald's, saying her order contained a burger wrapper stained with feces.

3. This Hyundai SUV is being recalled: The automaker has identified a fire risk with the Santa Fe.

4. Your 401(k) is not perfect: You'll owe taxes on most distributions, among other drawbacks, but it's worth it.

5. Social Security benefits aren't taxed in 37 states. Here's the list

6. There are a lot of Cinco de Mayo deals out there. You can get a free Chipotle burrito, free guacamole from "The Rock" and save on margaritas.

Happy celebrating!

--@NathanBomey

Dennise Cacho, 43, a human resources benefits counselor, from Dallas, Ga. sold her last home with Opendoor, a real estate tech company that makes instant offers on homes.
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