Re:Intuit to buy Credit Karma for $7B
by scarface74 on Sunday February 23, 2020 @02:58PM
(#22399136)
“said it made money for a second straight year, based on a common measure that excludes some expenses”
It’s like WeWork’s “Community Adjusted Ebitda” or Uber’s “we aren’t doing as bad as it looks as long as you exclude 13 different expenses.”
It did lose money in 2019, but because of preIPO marketing and advertising. Marketplaces have great network effects and profit margins, seems like a very viable self sustaining standalone company. https://www.fastcompany.com/90418766/report-not-even-airbnb-...