Creidt Karma is not diversified. All the money is from ads from a few bored credit card companies. When the recession hits nobody is issuing consumer credit, let alone through sketchy websites, and credit karmas revenue will be physically annnihilated in 1-2 years.
Credit Karma will be absorbed into larger companies that offer the exact service but better. Snapchat and the like are at least distinct products that might survive.
Ck's only competitive advantage is that it is cool or whatever
Okay?
It's fine now I guess
The next recession will be related to student and car loans. Shit companies will go down, good ones won’t.
The exact thing ck gets revenue
I would challenge this shallow thinking. It might be true but who knows? Credit karma is all about control over your financials. This is actually a service that will be looked for during the recession. Now, if they manage to spin their ad exposure from CC to eg credit consolidation, debt rollover they might be actually gaining ground. Add to that free tax solution that could complete with expensive TurboTax and you have a nice little niche.
I'm pretty sure they'll be fine.
Their margins are like 5%
👌
Are you the same guy that posted about scale being easy? TC or GTFO
190k
:)
Drugs much?
I mean, I'd expect this from a NerdWallet employee, but c'mon. 😹
Please dont go bankrupt until after my next tax return filing thanks
Why are folks from Albertsons so salty?! I am not sure if the person who keeps on obsessing about Walmart on Blind is the same person as OP🤔
I think most of tech are going to suffer when the recession hits. It's mind boggling for me that some of the biggest tech giants are functionally ad agencies. Yes, they create cool tech, but damn... 95 percent of google and fb revenue is all ads. I guess you can argue that advertising is an essential expense, but imo, when shit hits the fan and people are cutting budget, we're all royally fucked.
Albertsons might actually do alright. People who shop at Albertsons would prob still shop at Albertsons when the economy goes belly up. If I were Albertson, I'll pray for a massive recession to hit the fan now such that competition like Amazon gets fucked
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But the real question is, how will it affect Albertson’s?
Lol
All the liberals will consume each other and the demand for groceries will fall