👀 The Week At A Glance
This week we talked about new IPO rules, a business war and the impact of an actual war on our markets !
Hey, readers 👋
This week was full of interesting and thought-provoking updates. So, we’re here to bring you up to speed on all that went on in just 2 minutes 45 seconds!
😮 New IPO Rules Coming Soon?
The last few years have seen a lot of loss-making startups list on the stock markets. But lately, the stocks of these startups have been tanking. So, SEBI is thinking of creating new IPO rules so investors can better evaluate these startups before investing. Wondering what these rules are? ReadOn!
💰 The Great Bitcoin Robbery
Back in 2016, a couple managed to steal bitcoin which is now worth $4.5 billion! They managed to hide it for all this time but a $500 gift card paved the way for their downfall. Here’s the story behind how they were finally caught.
🌊 Jio v/s Airtel: Underwater Edition
Jio and Airtel have been fighting to become the ultimate telecom service provider in the country. And now they’re taking this fight to the high seas. They are both installing undersea cable networks to boost internet connectivity. Why undersea cables though? ReadOn to find out!
📖 One Edtech’s Fall: A Warning for All Startups?
Lido Learning, which made LinkedIn’s top startups list in 2021, was forced to shut down earlier this month. The startup had attracted top investors like Ronnie Screwvala, so what went wrong? ReadOn to know more about the startup’s journey.
👩💻 Our Data is Up For Sale?
Data is the new oil. So far, only major tech companies had been leveraging this resource but now governments want in on this too. Even the Indian government. It plans on monetising our data. Want to know more about its plan? ReadOn!
📉 How Does War Impact Our Investments?
There is a war raging in Europe but stock markets across the world are plunging. But how does a war so far away impact us? And how exactly are our investments impacted? ReadOn to find out!
🗞 Here's What Else Made the News and Moved Markets:
👉 Russia invaded Ukraine this week and the news has tanked stock markets. The Russian stock market lost $250 billion, with the Russian Ruble falling to a record low. What’s more the UK and the US have both levied sanctions on Russia, which include freezing its assets in their countries. The sanctions will also have a massive impact on Russia’s ability to trade with other countries. There are also talks of banning Russia from the SWIFT payments network (let us know if you want an explainer on this). Will Russia be deterred by these sanctions? And how will they impact the global economy?
👉 India is making major moves in the crypto space. Just this week, we got our first fully-curated NFT marketplace: Jupiter Meta. This means curators will closely collaborate with creators and artists to showcase their work on the platform. The marketplace is going to focus on music, gaming and film-related NFTs. And that’s not all. WazirX has launched a new programme to help entrepreneurs build crypto exchanges, meanwhile, Infosys has launched a similar programme to help businesses enter the metaverse. India is truly going digital, no?
👉 And India already has its 10th unicorn this year in just two months. The newest unicorn is Hasura, a Software-as-a-Service company, which raised $100 million in a new funding round. The funding comes as SaaS companies are all the rage right now. They’re expected to hit a $716.52 billion market cap by 2028. How many unicorns do you think India will have logged by the end of the year?
It’s time to begin the journey of creating long-term wealth! Become a ReadOn Club Member to discuss high growth potential startups, crypto projects and stocks with other finance enthusiasts. And so much more! Check it out 👇
Now you can also listen to our stories because the Revolution ReadOn podcast is live! Here: you can catch it on Spotify, Apple Podcast or Amazon Music.
Don’t forget to share the pieces you loved with your friends and let us know what kind of content you would like to read! We’re always looking forward to hearing from you.
With love,
Team ReadOn ❤️
Join us on Whatsapp to get daily updates! 👇