Mint.com acquired by Intuit

This is sad news. While early Intuit was a pioneer of personal finance software, currently the company is a pale shadow of former self, driven primarily by greed and an urge to milk customers for as much money as possible. Annual rehashes of the buggy and bloated piece of software, each one with a time bomb to ensure customers continue to pay, in-program ads for those who have already paid, no visible progress over the last 5-8 years. Mac version that is a joke. You name it…

I’ve joined Mint precisely because it was an opposite of Intuit/Quicken. What an irony!

As much as I like Mint, I don’t hold my breath about it’s future, no matter how rosy the former owners’ prognosis is. As mentioned before, Intuit is greed-driven like few other companies. Free Mint cannibalizes the sales of one of it’s cash cows (albeit the smallest of the three) – Quicken. How long will it take before Intuit decides to increase “synergy” by limiting free features and offering a Mint Deluxe? I think, not long.

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