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🍑 Intuit's AI Ate 3,000 Jobs. Mercury's Worth $5.2B Now. SoFi Picked the Peach.
Published 5 months ago
Description
Intuit beat earnings yesterday and then announced it's cutting 17% of its workforce in the same breath — classic AI-era move. Mercury raised $200M at a $5.2B valuation and is on the doorstep of a full bank charter. And SoFi quietly acquired Peach Finance to keep stacking its lending infrastructure empire. Plus: Trump dropped a fintech executive order that's either great news or a payday lender's dream — we break it all down.