Ep 440: A Win For Intuit. A Loss For Facebook

A Win for Intuit. A Loss for Facebook: Intuit (ticker: INTU), recently announced that it had agreed to acquire Mailchimp, the marketing platform used by small and medium-sized businesses (we are a Mailchimp customer). Intuit is in the business of serving the SMB market. Facebook (ticker: FB), also serves SMBs and made a smart acquisition last year (Kustomer acquisition) to bolster its SMB offerings. Mailchimp is the type of company that would have been a financial rounding error for Facebook in the near-term, yet would have tightened Facebook’s grip on the low-end of the market while simultaneously providing FB with the means to extend up market. Thus, missing this deal was a strategic blunder for Facebook. For more TEK2day content visit TEK2day.com The TEK2day Podcast is available across all popular podcast playing platforms including Apple and Spotify: Apple Podcasts: https://podcasts.apple.com/us/podcast/tek2day-podcast/id1270002408 Spotify: https://open.spotify.com/show/3IybCrJs9ZPZTFPYlDg78b Check out our parent company – CEORater – where you may anonymously rate your company and CEO at CEORater.com Visit CEORater on LinkedIn: www.linkedin.com/company/ceorater