What to know:
- Strive CEO Matt Cole criticized Intuit’s Mailchimp for censoring bitcoin-related content and called for policy reform.
- Cole urged Intuit to consider adding bitcoin to its treasury to hedge against AI disruption of core products like TurboTax.
- Cole’s letter follows a successful campaign with GameStop, which has since confirmed plans to hold bitcoin and completed a $1.5 billion convertible note offering.
Ah, the illustrious Matt Cole, the CEO of Strive Asset Management, fresh from his triumph over the mighty GameStop, now turns his gaze upon the unsuspecting Intuit. With the finesse of a seasoned orator, he implores them to abandon their “censorship policies” and “anti-bitcoin bias.” After all, who needs shareholder value when you can have a good old-fashioned ideological battle? 😏
In a letter dated April 14, addressed to the high and mighty Sasan Goodarzi and the esteemed Susan Nora Johnson, Cole recounted a tale of woe. Intuit’s Mailchimp, that bastion of email marketing, had the audacity to disable the account of the Trojan Bitcoin Club, a group of eager students at USC, simply for mentioning the word “bitcoin.” The horror! 📉
“We are gravely concerned,” he wrote, “that Intuit’s policies threaten to obliterate the shareholder value the company has toiled to create.” A dramatic flair, indeed! Although Mailchimp eventually reinstated the account after a public outcry, Cole lamented that this incident is merely a symptom of a “broader pattern of deplatforming.” Sounds like a dystopian novel in the making! 📚
He warned that such actions expose Intuit, known for its TurboTax and QuickBooks, to reputational and legal risks. As the public grows weary of tech censorship, even the FTC is peeking into the matter. Who knew that a simple email could stir such a tempest? 🌪️
“Mailchimp’s Acceptable Use Policy is being wielded like a political weapon,” Cole declared, “rather than a shield against legitimate business risks.” Customers and shareholders alike are starting to wonder if Intuit is making decisions based on ideology rather than their fiduciary duty. Shocking, I know! 😲
His letter called for the reinstatement of accounts banned for bitcoin-related content and a revision of Mailchimp’s policies to eliminate political considerations. He also suggested that Intuit consider adding bitcoin to its corporate treasury as a hedge against the impending AI takeover. Because who wouldn’t want a bitcoin war chest? 💪
“TurboTax is at high risk of being automated away by AI,” he warned. “While we appreciate Intuit’s investments in AI, an additional hedge is warranted.” A bitcoin war chest, he insists, is the best option available. Sounds like a plan! 💼
This bold move follows Cole’s earlier letter to GameStop, urging them to convert their $5 billion cash reserve into bitcoin. And lo and behold, GameStop has confirmed it will add bitcoin to its balance sheet and has completed a $1.5 billion convertible note offering. A true pioneer in aligning treasury strategy with the “Bitcoin standard.” 🚀
Thus, this marks a significant victory for Strive’s campaign to reshape corporate finance and governance around what Cole dubs “apolitical excellence.” Who knew that shareholder value could be so entertaining? 🎭
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2025-04-15 21:15