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    0 Replies Latest reply on Sep 15, 2009 7:59 AM by amspcs

    Intuit Buys Mint.com--What's Your Take?

    amspcs Ranger
      Intuit, makers of Quicken personal finance software, was in the news on a couple of fronts yesterday. One announcement involved their buyout of one of their competitors, Mint.com.

      I've had a number of customers and contacts ask me my opinion of this takeover. Here's my response: Obviously, whenever a 'big guy' deals with competition by eliminating it, that's very bad news for the consumer. Competition is what drives prices down and quality up. So necessarily, the LACK of competition means just the opposite--higher prices for the consumer and no competitioin-driven incentive to produce a better product. Very bad news. Where are the anti-trust people when you need them?

      What is YOUR take?