We like to talk Business and Finance. Figured we should do it for a living.
While discussing how Tesla got the better of short sellers this time, we talk on:
Reliance Jio buying pipes (duhh, its a metaphor)
Reliance Industries Ltd (RIL) acquired majority stakes in two of India's largest cable TV and broadband companies - Hathway Cable & Datacom, and DEN Networks for a combined sum of INR5,230 crore. With RIL's Jio metaphorically "wired in" to gain traction on its own broadband service named Jio GigaFiber, these investments make the right noise.
The lost aura of MbS
An year back, the Crown Prince of Saudi Arabia Mohammad bin Salman (MbS) was dining with western financiers and executives while opening up his Kingdom for significant inflows of foreign capital. Bringing dramatic social reform, he was seen as the new face of the authoritarian regime. However recent events have removed the sheen off MbS and put at-risk his Vision 2030, on the way also revealing the inherent hypocrisy of western corporations and governments who gladly put the Prince on a pedestal.
Uber and its numbers
What is the Uber story? Why do investors love it inspite of it being unable to showcase any profits yet? We do a shallow dive into its recent numbers to earmark what underpins its story.
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