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> I doubt it had any significant revenue. We don't know, and what's significant? Return on investment regardless of size of investment is significant when run
by jhowell 6y ago
> I doubt it had any significant revenue.
We don't know, and what's significant? Return on investment regardless of size of investment is significant when running any business.
> At some point, fundamentals of the business matter.
I think the fundamental outlined in the article is "Narendra Modi government’s new foreign direct investment norms for digital media," and not described in relation to revenue.
- factorialboy 6y agoGiven that they cannot carry out their ops without foreign investment is clear indication that the business was unsustainable. > I think the fundamental outlined in the article is "Narendra Modi government’s new foreign direct investment norms for digital media," and not described in relation to revenue. That's an opinion piece. The fact is they shut down operations. And if the reason is lack of foreign investment, then it's imminently obvious that they made no profits.
- square_usual 6y agoAmazon is losing tons of money in India, and they couldn't sustain that business without funding from their parent org. Should the government shut them down too?
- damnencryption 6y agoHow many big startups/companies in India are making enough profit to self sustain themselves currently? Jio, swiggy, Zomato, Tata motors, Amazon, flipkart, ola, big basket, oyo, Paytm, and the list goes on. Maybe we should shut them all down.
- rtx 6y agoNone who can meddle in elections through news pieces.
- ashleshbiradar 6y agoIt's not an opinion piece.