Intuit buys Credit Karma

[Rural]

So, just confirmed today: https://techcrunch.com/2020/02/24/intuit-credit-karma/amp/


Seems to me this has to be the beginning of the end of any free services from Credit Karma, and it makes Intuit even more of a giant on personal finance and, not so incidentally, in how much personal data they have on large numbers of people. I don't see any real upside for consumers here, but would love to hear everyone's thoughts.

[Greystache]

I guess turbo tax did not like losing revenue to credit karma so they bought them. I expect they will gobble up any other free services to eliminate them as well. For most tax payers, the IRS knows exactly what you owe and could send you a post card with your taxes calculated.

[Rural]

I didn't realize Credit Karma was also doing taxes now.

[Joel]

I guess switching over to credit karma for taxes this year may have been short sighted.

[Rural]

Temporary at least.

[EvenSteven]

Here's to hoping that the acquisition is blocked by regulators.

[solon]

Intuit sold Quicken. Mint is going to pot. I got the feeling Intuit was getting out of the personal finance space. So acquiring CreditKarma seems like a new direction.

[bigblock440]

I didn't realize Credit Karma was also doing taxes now.

Just started last year, I had to file my state at a different time because they didn't have all the states set up at the time.  This year it was easy to do both though.

[Sibley]

Intuit sold Quicken. Mint is going to pot. I got the feeling Intuit was getting out of the personal finance space. So acquiring CreditKarma seems like a new direction.

I did not know that. So I googled it. The article I read (several years old) includes this quote: ""Quicken is a desktop-centric business and it doesn't strengthen the small business or tax ecosystems," said chief executive Brad Smith in a conference call with Wall Street last year."

They forgot one thing: there is actually still a class of consumers who PREFER the desktop, non-cloud interface. Idiots.