I got an email from Credit Karma advertising for TurboTax. This plus the glitch that exposed into [1] leaves me very little confidence in CK.
[1]: https://news.ycombinator.com/item?id=20699410
I thought I remembered TurboTax purchased CreditKarma, but googled,and now I'm confused...
> Intuit Inc., owner of the popular TurboTax DIY tax preparation service, has moved forward with its $8.1 billion acquisition of Credit Karma, Inc., after satisfying the government’s requirement that Credit Karma divest its tax preparation business.
Divest their tax prep business? I just did my taxes on creditkarma, and it was the same website that was trying to market me credit cards that i prepared the taxes on.
AHA, that article has a date "January 3, 2021", so I guess still in progress?
But ok, divest their tax prep business... the WAY CK was providing free tax prep was by funding it with the rest of their portfolio, the credit card marketing and such. The tax prep got people into their system (and possibly got their data into their system, I'm not sure how much was opt-in or opt-out).
Divest their tax prep business? Into it's own business? It won't possibly be able to provide the service for free anymore right? They will probably quickly go out of business.
I don't know how the heck anti-trust regulators think this did anything positive. Intuit one way or another succesfully eliminated the competition from free creditkarma tax prep. Gah.
