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Financial software heavyweight Intuit recently purchased Mint, one of the hottest free online personal finance websites.
Mint provides free personal finance accounts and all sorts of services to help users balance their books, manage debt, and spend wisely. Mint launched just two years ago and by all measures has been a runaway success; earlier this year Mint jumped by 250,000 users in a matter of months—an unprecedented feat.
Intuit is the financial powerhouse behind such programs as Quicken and TurboTax. Some are critical of the purchase, noting that Intuit already has large amounts of data on how Americans use their money.
Critics also point out that while Mint generally provides a nice experience, Intuit is known for the opposite. Gotta love capitalism.
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(photo: Ido Atlasian)