Discussion

• Vox Sara Morrison on x

  Your free TurboTax alternative now belongs to TurboTax

• @alexisohanian Alexis Ohanian Sr. on x

  Big fan of @creditkarma - one of the few brands who new early how valuable it was to have a presence on @reddit and also spend money to advertise intelligently https://twitter.com/...

• @trengriffin Tren Griffin on x

  “37 million of active monthly users,” “more than $1 billion in revenues annually” $1 billion / 37 million MAU/ 12 months = $2.25 a month ARPU? 85% gross margin? 5% a month churn? How high can CAC be and still make financial sense? https://techcrunch.com/...

• @davidmarcus David Marcus on x

  Congrats to @kennethlin & the whole @CreditKarma team, as well as to @mickymalka and the @RibbitCapital crew for a great outcome. I believe this seals Ribbit's reputation of being the best FinTech venture fund in the world 👏! https://techcrunch.com/...

• @amoilsnisa Nisa Amoils on x

  2020 is shaping up to be a big year for FinTech acquisitions and it's only February. Visa acquires Plaid for $5+ billion and now Intuit will acquire Credit Karma for $7 billion https://www.bloomberg.com/...

• @pitdesi Sheel Mohnot on x

  most OG fintech people know this but others don't: this isn't the first time that Intuit tried to acquire credit karma. IIRC Intuit was trying to acquire them for a low 3 digit million price before the series B, but CK didn't take the deal and instead raised (at a lower price)

• @ericnewcomer Eric Newcomer on x

  Will TurboTax commit to maintaining CreditKarma free tax filing service? Will regulators scrutinize this deal? https://www.businesswire.com/ ...

• @yoda Drew Olanoff on x

  Turns out, (Credit) Karma is (not) a bitch. https://www.businesswire.com/ ...

• @danprimack Dan Primack on x

  Intuit makes Credit Karma deal official. $7.1 billion in cash and stock. https://www.businesswire.com/ ... So weird, since a CK rep yesterday called it “rumor and speculation.”

• @ingridlunden Ingrid on x

  Intuit also reported earnings today: beat on sales, missed on EPS. Did not say if CK is profitable but I'm guessing that will come up on the call. Important: CK makes $1B+ in revenues, giving a big boost to Intuit's B2C business. https://twitter.com/...

• @pjux Siri Srinivas on x

  Credit Karma was shaping up to be such a great Intuit challenger. This news is the worst. We don't need more of the same thing. https://www.nytimes.com/...

• @joelwinston Joel Winston on x

  Intuit acquiring Credit Karma for $7 billion. “Credit Karma grew to be worth billions by selling credit card offers to its customers after building their credit profiles. Credit Karma's customers include a third of all Americans who have a credit profile.” https://www.nytimes.com…

• @summerson Cam on x

  I figure there's a really good chance that Intuit will take a great service and completely ruin it. Damn. https://www.nytimes.com/...

• @dbinkowski David Binkowski on x

  Deleting my @creditkarma account today. 👇🏽 https://twitter.com/...

• @davegershgorn Dave Gershgorn on x

  whoa this sucks! guess i'm deleting credit karma https://twitter.com/...

• @lizjosullivan Liz O'Sullivan on x

  Intuit, home of Mint and TurboTax buys Credit Karma and the NYT doesn't run more than half a sentence on the privacy concerns? *facepalm* https://www.nytimes.com/...

• @joemccann Joe McCann on x

  A monster exit if this is confirmed. Credit Karma did everything right and didn't deal with the IPO nonsense. Intuit Near Deal to Buy Credit Karma for $7 Billion https://www.wsj.com/...

• @chrismaddern Chris Maddern on x

  Credit Karma is an incredible top-of-funnel for financial products. The ability to cross-sell into Intuit products, and still drive big referral $$s from FIs is huge. https://www.wsj.com/...

• @justinelliott Justin Elliott on x

  Credit Karma is an upstart TurboTax competitor offering free (for your data) tax prep. Did 1.5 million returns last year. Now Intuit trying to absorb it through acquisition. Does this deal pass #antitrust muster? https://twitter.com/...

• @leojtravis10 Joe Ortiz on x

  I just can't see this being good for consumers as Intuit has a long history of ripping people off especially in the tax field. I would look for a alternative to Credit Karma right now. https://twitter.com/...