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The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
The company has been subject of controversy over its political influence and deceptive business practices. Intuit, the maker of TurboTax, has engaged in a multi-million dollar lobbying campaign against the Internal Revenue Service (IRS) creating its own online system of tax filing like those that exist in most other wealthy countries.
In October 1999, almost a year and a half after Rock Financial’s 1998 IPO, Intuit Inc. agreed to buy the company at a valuation of $370 million. [13] The name changed to Quicken Loans. In 2002, Dan Gilbert and a group of private investors bought the company back.
TurboTax Pros. H&R Block Pros. TurboTax’s strongest selling point is an intuitive and user-friendly interview-style format that is universally familiar and uses plain language and simple ...
Credit Karma is an American multinational personal finance company founded in 2007. It has been a brand of Intuit since December 2020. [3] It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify and dispute credit report errors. [4]
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On September 13, 2009, TechCrunch reported Intuit would acquire Mint for $170 million. [17] An official announcement was made the following day. On November 2, 2009, Intuit announced its acquisition of Mint.com was complete. The former CEO of Mint.com, Aaron Patzer, was named vice president and general manager of Intuit's personal finance group, responsible for Mint.com and
Intuit (NASDAQ:INTU) is a financial technology stock that tends to fly under the radar which is strange given Intuit stock is up 850% over the past decade. Although it's got a couple of strong ...