Description

Michael and Johnny look at Intuit, the 3 decades old (surprising right?) company that has become the default way for 60% of individual tax filers in the US. We look at the “tax industry” as a whole, Intuit’s contributions or lack thereof to improving the overall tax system, and wonder whatever happened to all those innovative features that Mint was supposed to develop.

In News of the Week, Square acquires a majority stake in Tidal, the music streaming service co-founded by Jay-Z and his wealthy friends.

Recorded Date: Sunday, March 7, 2021

Time Stamps

• 00:00:18: News of the Week
• 00:03:14: Intuit Intro
• 00:04:24: Industry
• 00:08:39: User Value
• 00:15:19: Societal Value
• 00:17:53: Final Verdict

Highlights

• What's the sign of true friendship except for buying one's failing company?
• Square is acquiring a majority stake of Tidal - NFTs!
• What is Intuit's key strategy?
• Is Intuit a Rich Tech or Poor Tech company?
• What is the user value of all of Intuit's products?
• Intuit benefits from an overcomplicated tax law
• How valuable is Intuit to Society?
• Who is the most likely company to challenge Intuit's dominance?

Links

• Square’s $297 Million Tidal Deal Launches Its Music Dominance Quest
• Computer History Museum - The Intuit Story