101–110 of 112 posts
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Credit Karma provided intuit with $475m in revenue for its Q4’22 earnings. Inuit posted a loss but I suspect credit karma was break even or slightly profitable. https://s23.q4cdn.com/935127502/files/doc_financials/2022/q4...
I guess your suspicion and my suspicion can argue about it until there is data.
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> have no reason to believe the credit reporting services are aware of my physical location So did you lie about your address on the credit card application? If not, that’s how the bank knows you don’t live in the US and that’s why you were rejected. Lemme simply: Either you need credit history in the US or you need to live in the US. You fail both criteria. Maybe your rejection letter only mentions the first reason,…
You seem hostile. Not sure if it's your intention, but ease up. > So did you lie about your address on the credit card application? If not, that’s how the bank knows you don’t live in the US and that’s why you were rejected. I didn't lie on anything, and frankly a bit offended you would even assume such. I travel back and forth to the US, often. My home address (one of the properties my family owns, and where I lived…
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Your guess is wrong, their Q2 revenue this year was reported $444M
Revenue != Profit
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Your guess is wrong, their Q2 revenue this year was reported $444M
Revenue is not profit. Revenue - expenses is profit. You can pump your revenue as high as you want by selling dollar bills for 90 cents.
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>I wouldn't be surprised to find that 90% is actually very close to reality The FTC press release[1] says "for many offers, almost a third of consumers who applied were in fact denied". That's quite a ways off from 90%. [1] https://www.ftc.gov/news-events/news/press-releases/2022/09/... edit: >Also, Credit Karma gets paid for successful conversions, and maybe ad placement? It doesn't seem like misleading someone got…
If a third of consumers _should_ have been denied because they were not credit-worthy, then there were no errors. You need to look at the false negative rate, not the absolute number of people denied for financial products.
Things I think are worth noting: 1. Intuit owns Credit Karma > Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries.[108][11][109] - https://en.wikipedia.org/wiki/Intuit 2. Intuit owns Mailchimp. Mailchump was hacked earlier this year. > In a scant blog post dated August 12, just two days after the company’s co-founder and long-time CEO B…
Didn’t realize Intuit owned Mailchimp. It one online tool whose UX I hate with a passion. Mint comes close. What are some good alternatives to Mint for financial account aggregation?
You're only allowed to budget the money you have currently in your bank accounts and you're encouraged to daily categorize the previous days transactions so you immediately know if you're spending outside of your budget. I've referred a few friends and they all turned into paying customers.
I also have a referral link that gets me a free month: https://ynab.com/referral/?ref=sO-qTzrewvE6obDI
But they give you the free month regardless if you sign up on the main site. Just something nice to do if you try out the service and like it.
It’s a weird case IMO — CreditKarma played a role but it seems like all the actual harm was elsewhere. 1. The Criteria are given by the banks via 'Lightbox'. If they were misrepresenting those criteria, it seems like the harm was to the banks, but this isn't mentioned. And if they couldn’t express their criteria via lightbox and used it anyway… again it seems like that’s mostly on the banks. 2. I suspect these estima…
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This still seems a bit dubious—-90% of people who view the ad being qualified doesn’t mean in any way that 90% of applicants will be successful. If you have more applicants from that bottom 10% pool who click on the ad to proceed, then it would be statistically very easy to end up with a reject rate much higher than 10%.
If you reject a third of applicants, the 90% figure is obviously misleading even if technically true in some sense.
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Didn’t realize Intuit owned Mailchimp. It one online tool whose UX I hate with a passion. Mint comes close. What are some good alternatives to Mint for financial account aggregation?
You Need a Budget [ https://www.youneedabudget.com/ ] is one of the few online tools I pay money for. It connects to all the major credit cards, banks, loan companies, financial brokers, and most of the minor ones too. Its budgeting system actually makes sense. You're only allowed to budget the money you have currently in your bank accounts and you're encouraged to daily categorize the previous days transactions so y…
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Antitrust is notoriously hard to prove. It often comes down to intent. Internal documents and how the company talks about business decisions can be enough to sway minds in a situation where you’re trying to convince a judge/jury what the company was thinking. Clearly if you’re trying to put a competitor out of business then calling it a “team room” won’t matter one bit.
Is this true? Given monopolistic consequences are structural and inevitable, it seems the law should be enforced on structure and function and not require deliberate intent.
The line is very fuzzy.