Consumerism Commentary - Latest Comments in Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Freed Income — Wed, 16 Sep 2009 15:36:35 -0000

We all know how this goes down. Mint ceases to build any new features while quicken poorly attempts to close the gap between the two products. ala Yahoo buys delicious, Google buys Writely.

...sad day for Mint users :(

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Doctor S — Tue, 15 Sep 2009 11:28:12 -0000

Ok. Thanks for clearing that up. Now I am totally perplexed? Why would they want to own competing products AND agreeing with the notion below of @the_Weakonomist.... how the heck is this possible under the rules that govern business?

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Brad — Tue, 15 Sep 2009 00:51:23 -0000

I think this is horrible news. I've had nothing but trouble and headaches with all Intuit products - they are clunky and unintuitive. Mint was like a dream come true after Quicken and QuickBooks. I couldn't believe how easy it was.

If you do a Twitter search for @Mint you'll see tons of other people very unhappy about the buyout.

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

the weakonomist — Mon, 14 Sep 2009 23:19:01 -0000

I just don't see how the DOJ could have possibly allowed this. First they let XM/Sirius get by and now this? What's next? Microhoo?

Actually this is a fine purchase and Intuit made the right move to get some ownership of an online brand. Despite conservative consumer's current feelings, it's where it's all headed. I don't manage my finances with it but I do love Mint for a quick snapshot at my bank balances.

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Harlan Landes — Mon, 14 Sep 2009 23:16:52 -0000

Intuit does still own Quicken i all its various flavors. Now they own both Quicken Online and Mint.

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

Doctor S — Mon, 14 Sep 2009 23:04:19 -0000

I am little cloudy on this though. Intuit created Quicken but do not own it anymore? So they sold it before and now have purchased Mint.com. they obviously have a good track record in maintaining the product so that its attractive to buyers. I assume that is their plan and a decent one indeed.

As far as the future of Mint, I have been using it religiously for the past year and I like the recent updates it has provided. I really hope they don't change anything drastically. Moving away from standalone software to web apps provides more risk but everything is a web app today.

Interested in seeing the discussion from this, thanks for the update Flexo!

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

aa — Mon, 14 Sep 2009 22:14:33 -0000

Call the anti-trust department!

Re: Intuit Buys Mint for $170 Million: Quicken Online and Mint to Coexist

mapgirl — Mon, 14 Sep 2009 19:34:32 -0000

Interesting. I decided a while ago that I'd rather not use an online financial management aggregator for my information and your post pretty much solidifies using Quicken as standalone software. I'm doing that now and I don't see a reason to change. Though I agree, it's not perfect, but no software ever is. :-)