As already stated, Monzo won’t be doing this. At all. At any point. “Monzo will lend money to people, some of whom may use the money to buy shares” is in no way the same as “Monzo will be lending money to people so they can buy shares.” The relationships between the two parts are entirely different.
Yes, and you’ll also see plenty of people saying it’s a bad idea.
Look, I might use my Monzo overdraft (n.b. I don’t have an overdraft) to buy drugs (I don’t buy drugs). Does that mean the Times could run an article on how Monzo lends their customers money to buy drugs?
Don’t forget also the only person quoted is quoted as saying that using an overdraft to buy shares is a bad idea. But he doesn’t mention Monzo. But the write of the article uses the quote to attack Monzo. This is an inaccurate representation of the quote.
Honestly, the Times article could’ve just been “Monzo will be launching a new crowdfunding round. Some customers have said they will use their overdraft to purchase shares. This is a terrible idea and other customers have already said so. Perhaps Monzo themselves could do more to push back against this, even though they aren’t doing anything wrong in themselves.” That would be more accurate, and fair. And I guess less likely to get clicks.