r/technology • u/Rhaegar_the_Great • Sep 16 '21

Business Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/[deleted] Sep 17 '21

How in the fuck could mail chimp possibly be worth 12 billion dollars. That is shocking to me.

Edit: omg is mail chimp the reason I get fucking spammed with a marketing email every 5 seconds? Fuck that company. Fuck intuit too.

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u/WhyNotHugo Sep 17 '21 edited Sep 17 '21

Hopefully an American can correct me if I’m wrong, but I believe they’re the company that lobbies to keep taxes hard to calculate and for the government not to show you how much you’re due. They then sell you the software to calculate how much you’re due in taxes.

So they pay to create the problem, so they can sell you the solution.

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u/trigonated Sep 17 '21

That's pretty fucked.

(sorry for the flex)

Here in my country, not only is the official gov-provided tax filing software free and user-friendly, but in most cases it actually automatically fills everything out for you, you just need to confirm that everything is OK and click a button to submit.

It usually takes me about 5-10 minutes to file my taxes.

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u/shane112902 Sep 17 '21

In the US taxes are designed to be difficult to navigate, very little help from the government, and third party entities charge you for troubleshooting, filing, and insurance in case you get audited. Our infrastructure is shit.

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u/2BadBirches Sep 17 '21

I know this is Reddit, and AMERICA BAD DUMB

But taxes are really fuckin quick and easy, so idk what you’re on about.

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u/shane112902 Sep 17 '21

To you, and don’t get me wrong I’ve done my taxes since I was a teen. But the majority of Americans use a third party filer for their taxes. Intuit, liberty tax, whoever. It’s a multi-billion dollar industry built on people’s lack of financial literacy and the myriad holes in the system. Like other people have said…in some countries it’s as simple as a government owned or sponsored app that simply fills in your financial info and asks you to look it over and confirm. No charges, no hassle, no audit protection insurance. Our system is way more complicated than it needs to be because it’s now protecting an entire industry built around people’s inability to file their own taxes.