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Here comes the copy pasted argument without any fact or figures to support it that appears in every thread regarding Jio/Reliance/Ambani/India or a combination

Here comes the copy pasted argument without any fact or figures to support it that appears in every thread regarding Jio/Reliance/Ambani/India or a combination thereof. Frankly, it is getting a bit stale and feels a lot like the standard Redditesqe drive-by factless commenting behavior to gain cheap karma and dopamine hits of raging against the system. HN is supposed to be better. > They can essentially bulldoze government over any rules and regulations, and bribe around freely. Um no. Can you show any, any incidences of them breaking the law or bribing anything other than "I know deep down in my heart of hearts that they do"? And regarding bulldozing regulations or skirting them, isn't that how every corporation works. Hell, that is essentially how every SV company, big or startup works. And so does any other company in any other country. Nothing unique or special going on here that should be pointed out in every thread. > This is how Reliance got big. This is not how Reliance got big. They got big by work and bringing products to the market. The founder made his first IPO by quite literally hawking his shares alongside his products to retail customers. And Jio is not something that is mandatorily being shoved down people's throats. People willingly use it and pay for it.

rusticpenn 6y ago
It was free for several months right?
sumedh 6y ago
> Can you show any, any incidences of them breaking the law or bribing anything other than "I know deep down in my heart of hearts that they do"? Not a corporate scenario but google how Ambani took care of his son's car accident.
- quantummkv 6y ago
  The discussion and accusations are about his corporate practices. This does not affect or influence or impact his corporate practices or help with government control. And anyways a lot of people can take care of such issues in every country. Not all of them are capitalists or businessmen. So I doubt this scenario ties in anyway with suspect business practices.
  - sumedh 6y ago
    > This does not affect or influence or impact his corporate practices or help with government control. It does, it reflects your moral character, only someone who does not respect the rule of law would do what he did.
blueblisters 6y ago
People ignore the fact that even with outsized influence, Reliance will be subject to market and other economic conditions that could result in a negative return on their investments. Mukesh Ambani's brother is almost bankrupt, and not for lack of trying to avoid that. Mukesh Ambani is taking on seemingly unpalatable risks because he has nothing better to do with his money. He has a large amount of shareholder support and a huge base of users he can market Jio's products to. These users and the overall market will ultimately decide whether they want to use these products or not.
- shi314 6y ago
  His Family consist of Board of Directors. It's ridiculous how SEBI could allow a public company to operate like family business. Board of Directors are supposed to represent minority shareholders, not the majority.

rusticpenn 6y ago

It was free for several months right?

sumedh 6y ago

> Can you show any, any incidences of them breaking the law or bribing anything other than "I know deep down in my heart of hearts that they do"? Not a corporate scenario but google how Ambani took care of his son's car accident.

quantummkv 6y ago
The discussion and accusations are about his corporate practices. This does not affect or influence or impact his corporate practices or help with government control. And anyways a lot of people can take care of such issues in every country. Not all of them are capitalists or businessmen. So I doubt this scenario ties in anyway with suspect business practices.
- sumedh 6y ago
  > This does not affect or influence or impact his corporate practices or help with government control. It does, it reflects your moral character, only someone who does not respect the rule of law would do what he did.

blueblisters 6y ago

People ignore the fact that even with outsized influence, Reliance will be subject to market and other economic conditions that could result in a negative return on their investments. Mukesh Ambani's brother is almost bankrupt, and not for lack of trying to avoid that. Mukesh Ambani is taking on seemingly unpalatable risks because he has nothing better to do with his money. He has a large amount of shareholder support and a huge base of users he can market Jio's products to. These users and the overall market will ultimately decide whether they want to use these products or not.

shi314 6y ago
His Family consist of Board of Directors. It's ridiculous how SEBI could allow a public company to operate like family business. Board of Directors are supposed to represent minority shareholders, not the majority.