“Intuit’s Deplatforming and Anti-Bitcoin Stance Could Harm Shareholder Value, Cole Said, While URGING ADOPTION OF BTC As A Strategic Hedge.”, – WRITE: www.coindesk.com
In an Open Letter Dated April 14 Addressed to Intuit Ceo Sasan Goodarzi and Board Chair Susan Nora Johnson, Cole Pointed to A Recent Incident In Wich Intuit The Trojan Bitcoin Club, A Student Organization at the University of Southern California, for Mention The Cryptocurrency in Email To Its Members.
“We are concerned that intuit’s censership policies and anti-bitcoin bias threaten to destroy the Shareholder Value the Company Has Worked So Hard to Create Who include intuit Shareholders. Althugh MailChimp Later Reinstated the Account Following Public Pressure, Cole Said The Episode Reflects a “Broader Pattern of DeplatForming” that includes Bitcoin Developers, Educ.
Cole SAID SUCH ACTIONS EXPOSE INTUIT, KNOWN FOR ITS TURBOTAX TAX PREPARATION SOFTWAR Grows and Federal Regulators – Including the Federal Trade Commission (FTC) – Begin Investigating Platform Discrimination Based on Speech or Affiliations.
“MailChimp’s Acceptable Use Policy is Being Used As A Political Weapon, Racher Than A Tool to Mitigate Legitimate Business Risk Intuit Is Making Decisions Based on Ideology Racher Than Fiduciary Duty. ”
The Letter Called On Intuit to Reinstate Accounts Banned for Bitcoin-Related Content, Revise MailChimp’s Content Policies to Eliminate Political Considerations. IT ALSO URGED INTUIT TO CONSIDER ADDING BITCOIN to ITS CORPORATE TREASURY AS A HEDGE AGAINST Artificial Intelligence Disruption.
“We believe turbotax, intuit’s Flagship Product, HAS A HIGH Risk of Being Automated Away by AI,“ Cole Wrote. “While We Apprecrate intuit’s investments in AI Internally, we belve an additional Hedge is Warranted – And that A Bitcoin War Chest is the best option AVAILABLE.”
The Move Follows Coles’ February Letter to Gamestop, in WHICH HE URGED The COMPANY TO CONVERT ITS $ 5 Billion Cash Reserve Into Bitcoin. Since Receive The Letter, Gamestop ConfirMed that It Will Add Bitcoin to Its Balance Sheet and Has Successful Completed A $ 1.5 Billion Convertible Note Offering Treasury Strategy with What Strive Called the “Bitcoin Standard.”
The Move Marked A Significant Early Win for Strive’s Broader Campaign to Reshape Corporate Finance and GOVERNANCE AROUNCE APLE DESCRIBES AS Ideological Agendas.
Strive Engagement Letter to Intuit (Strive Asset Management)
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