Um, but y- you know, you've got Rove Miles, obviously different business, uh, a different business model, but they're, they're kinda on your heels when it comes to miles and points, you know, earning construct and, and the partnership of, of, of how valuable those points are.

Yeah, I...

Look, I continue to be impressed with the number of smart folks in the space who are doing things these days.

I've met Max, um, the, the founder of Rove, and had great chat with him, and look, I wanna see everybody succeed.

Like, just when somebody comes in, these are young, young guys that I've met running these companies and startups.

Symphony is another one, Vic and James over there, that have started, uh, you know, earn points and miles on savings instead of cash, much like the Bask Bank model.

They happen to here, be here in New York City.

[laughs]

When did this become public that the children in this home were being abused?

Very good question.

That is the question I needed somebody to ask me.

And you asked me that good question.

Okay.

Let me tell you what happened since I was there.

and I know a lot, and I have not revealed a lot.

the matter

Is that how that works?

That's certainly one way that we make money, and that's probably after your first question, you're asking the right second question that I get asked most often, which is, "How does Bilt make money?" Yes, there's a lot of economics involved in the card business, but let's remember, you're talking 10% of the member base, a small percentage of the member base, right? So how does Bilt make money? Like, let's talk through a few different areas, and let's start with housing.

One in four apartments, 70 of the top 100 largest landlords in the United States, Bilt now powers their building operations.

Like, the property management system is a Bilt platform.

The property managers go in, and they can do all kinds of things on that Bilt platform.

We processed $100 billion of rents through that platform last year.

When you're moving that kinds of money, there's a lot of different ways to move money.

Let's talk a little bit more about those statuses and the new cards, and there was a lot of different rollout with Bilt 2.0, and some people are a bit confused on, okay, so what do we do? Can you kind of walk us through what are we looking at here? What are we working with?