User 126319

Intuit Buys Homestead, Whose CEO is 'Exhilarated'

I cannot stress enough, how this news effects me personally. I have been a Homestead Customer from the beginning and have invested $1000's in monthly fees over the past five or six years. My interest goes beyond "investment" however... I stayed with Homestead (even though many companies offer better for less), because I believed in them, I rallied for the under-dog and I appreciated that they had provided me with the means to make sites and make money over the years.

Today's news of this acquistion by Intuit (who is in my humble opinion - The biggest gropup of idiots assembled under one name), is a shell shock indeed. As someone who has experienced corporate takeovers and acquistions first hand and second hand before... I can only say that I feel pain for the employees who have put their passion, their lives and hard-work into Homestead, believing in the dream that Justin Kitch had, only to now find out that they will soon be consumed by Intuit, or more likely lose their jobs after Intuit is finished with it's takeover. I truly pity the Homestead customers which have invested time and money into Homestead, only to have Justin sell it off, like an old set of tires.

As for me, I only wish Justin could have hired a better money-manager to avoid having to sell his "Baby", to pay for his bills. I am in the process of deleting domains and moving sites to other hosting companies before I too become part of Intuit's shareholder earnings!