Intuit to Acquire Credit Karma (for approximately $7.1 billion in cash and stock)
Combined Companies to Create Consumer Finance Platform That Works Like a Personalized Financial Assistant
Companies Aim to Transform FinTech, Power the Economy and Help Consumers Make Financial Progress
Just another area for them to get active in and forget about professional tax preparers. Although I'm thinking next year the new enhancement offered is going to be something like for an extra fee of $XXX with your software purchase you will get some "free" Credit Karma products for your clients.
Hey @User ID 61 I like your little tagline down there. I am thinking of starting up a group of tax misfits and you appear to be the kind of recruit a good group of misfits needs. I'm thinking we could get together one night a week and maybe sew quilts out of all of those badges Intuit is cranking out. On second thought, that doesn't sound like a lot of fun for bunch of misfits. Maybe we could all just call in sick every now and then and take a Ferris Bueller day off -------------------- but I get to drive 🏎
Go Team ⓜⓘⓢⓕⓘⓣⓢ😈
Tommy: [Trying to copy his father's quote] Hey, I'll tell you what. You can get a good look at a butcher's a** by sticking your head up there. But, wouldn't you rather to take his word for it?
Intuit QuickBooks User: [confused] What? I'm failing to make the connection here.
Tommy: No, I mean is, you can get a good look at a T-bone by sticking your head up a butcher's a**... No, wait. It's gotta be your bull.
Bad for users of Intuit' professional tax products.
Intuit is a Marketing company. They tried their own version of Credit Karma a couple of years ago, and it mostly flopped, so now they are buying out the company.
So the more they focus on their data-mining and marketing, the less they care about professional tax products.