Matt Cole, CEO of Strive Asset Management, drew attention with a clear letter that Intuit expressed his concerns about the restrictive policies (Credit Karma, Mailchimp, Tsheets, Mint) and his concerns about his crypto -oriented attitude. The letter emphasized that disabling some accounts due to crypto currency content may damage the long -term investor value of the company.
Mailchimp and Crypto Censorship
On April 14, Intuit CEO Sasan Goodarzi and Susan Nora Johnson, Chairman of the Board of Directors, included examples of e-mail marketing service called Mailchimp. For example, Trojan Bitcoin Club in the USC said the e-mail account was disabled due to crypto currency content.
Matt Cole: “Intuit’s censorship policies endanger the investor’s value that the company is trying to create.”
Mailchimp account was later re -activated as a result of the public reaction.
Risk and reputation concerns
Cole said that Intuit’s corporate applications are part of censorship examples that are trying not to appear on a wider scale.
Matt Cole: “Mailchimp’s policy of use is used as a political weapon.”
It was emphasized that central regulatory institutions follow such applications closely.
Strategic suggestions and future plans
The letter requested that Intuit to restore the blocked accounts due to crypto currency content. In addition, Mailchimp’s content policies were proposed to be rearranged from political assessments. Cole also brought the idea that the company added crypto money to the corporate safe of the company.
Matt Cole: “TurbaTax has a high risk of automation by artificial intelligence, so an additional measure is important.”
It is stated that a strategy should be developed against the effects of artificial intelligence transformation.
In addition, Cole’s proposal to convert the company’s cash reserves into crypto currencies by making a similar call to Gamestop gives the impression that this strategy is part of a comprehensive financial transformation. It was stated that Gamestop evaluated this proposal and took similar steps.
Strive’s campaign focuses on long -term value creation, far from ideological approaches in corporate finance and management strategies. This approach started a discussion in the sector on measures that can be taken against companies’ current technological transformations and regulation risks.
In an effort to restructure a large -scale financial restructuring, the letter may cause companies to reconsider their strategic decisions on digital transformation processes. Collective investors and customers are expected to make more conscious decisions on the effects of such policies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
