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Tech's 'big tobacco' moment; Licious joins unicorn club It's been a miserable few days for Mark Zuckerberg. A day after a faulty configuration change knocked Facebook, WhatsApp and Instagram offline for almost six hours, a former employee turned whistleblower testified before a US senate committee, accusing the company of making "destructive choices".Also in this letter:Licious ....
When star startups fall: It takes extraordinary skills to build a market leader like Byju’s or Theranos or China Evergrande or Paytm or WeWork. But perhaps these companies became victims of their founders’ success and the adulation they received. ....
Vijay Shekhar Sharma, India s startup king, faces a crisis as investors plunder Paytm s valuation due to regulatory action by the central bank, threatening significant business disruptions. Sharma aims to restore investor confidence and keep operations running. Paytm s valuation has crashed after its IPO, and analysts say the company needs to restore credibility. Sharma s ambitions and the demonetisation move in 2016 transformed Paytm into India s premier digital payments platform. Despite the challenges, Sharma remains undeterred and committed to serving the nation. The future of Paytm s expansion plans and customer retention are uncertain due to the regulatory roadblock. ....
The last year witnessed an unpredictable explosion of retail investor participation in the Indian capital markets. However, they often find themselves bearing the brunt of a sell-off as on Monday earlier. ....
Paytm-owner One97 Communications posted its maiden result post listing last week, reporting an expansion in revenue on the back of growth in payments and financial services. What does this mean for investors? ....