Is this going to happen? https://www.cnbc.com/2020/02/23/turbotax-maker-intuit-near-deal-to-buy-credit-karma-for-7-billion-wsj.html Blinders from CK and Intuit speak up!
Credit karma has no moat. This would be a terrible decision by INTU
They have a huge first mover advantage. A bunch of companies have tried to copy Karma and have all failed miserably.
There are a lot of synergies between the two companies so I suspect it happens
This^
We don't know. I guess we'll find out when you all find out too. Things like this are always kept hidden and very few people might even know abt it.
There goes my credit Karma tax, now I'm going to have to pay to do my taxes
Lol yep
Why's that? There's other free options
Will need to close out my account with CK.
Bc?
Credit karma already has pushed out to doing taxes and they may be using the Intuit platform to do so. It makes complete sense from a client standpoint.
Not using the Intuit platform. CK acquired a small white-label tax app a few years ago as the platform for the tax product.
There you go. Intuit wants in on the client list that credit karma has.
Will people of credit Karma who joined less than a year ago get all their Rsus vested immediately if the acquisition happens?
No one knows, we don't even know if this is true or a rumor. We'll find out when it's officially announced by both the companies I guess. We know as much as everyone else via the WSJ article.
Doesn’t it depend on the offer you signed regarding rsus when you joined?
As a long time credit karma user this is pretty interesting. I use a professional CPA and not sure I would transition to intuit products. I love the CK interface though.
What about people who have offers from CK but haven't started yet? What about the rsu they were promised on the offer letter? If they were supposed to get 1000 restricted stock units of CK internally valued at say15$, how would they now get the RSUs? Could offer letters be rescinded?
I have no idea, but obviously each share is worth x amount of dollars. So you will basically get that the X amount in Intuit stock if they let you accept that offer without changing it to begin with. You can simply just ask the question to your recruiter or hiring manager if they announce it and if it's true that Intuit is buying us. And yes offer letters can be rescinded, would just wait to confirm if this is a rumor or it's officially happening and then ask the recruiter.
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Yes the original threas is from wsj and serms like get more data and be in the PFM domain by killing competition