👀 The Week At A Glance
This week we talked about Tata's latest billion-dollar bet, why Amazon is interested in buying another OTT, Hindenburg's latest target and much more!
This week was super interesting. We had some really big stories. And just as we were hoping for a chill entry into the weekend, the big story broke: Hindenburg's latest research report, and we knew we had to decode it for you guys. So, catch up with all the updates in just a few minutes. ReadOn!
🧐 No More Big Four in China?
China just levied an insane fine of $30.8 million in Deloitte for lapses in its auditing process.
Now, the lapses in auditing were related to a really high profile corruption case that even led to a death sentence, so we could totally see why the fine was so high.
But while we were diving deep into the case, we realised that the reason for the high fine could be something else: it could be China's distrust of the Big Four firms. And it could ban these firms from the country altogether. Why? ReadOn!
🎥 Amazon Buying MXPlayer?
When we first heard that Amazon was planning on buying MXPlayer, we thought it was being greedy.
After all, Amazon already has two OTTs, one free (with ads) and one paid. Why would it need another one?
But when we found out that MXPlayer was the third most downloaded OTT app in the world, our perspective shifted.
And we realised Amazon could be onto something big. Curious? ReadOn to know our insights.
🔍 Inside Marico's Rs. 62,000 Cr Empire!
MXPlayer's insane scale forced us to look at some other successful Indian businesses that may not have enjoyed too much limelight.
And we found Marico. We're not saying Marico isn't famous, but it certainly doesn't get as much footage as Tata or HUL.
So, we decided to fill that gap and find out how Marico beat all the giants out there to create such a huge empire. ReadOn!
😱 JPMorgan's Warning: Recession is Coming!
We begin every morning by reading the papers hunting for important and jargon-heavy articles that you would love to read. And our hunt led to us a comment by a JPMorgan strategist that said a "Minsky moment" was coming soon.
So, we put on our researcher hats to explain what that meant. ReadOn and let us know if we did a good enough job!
💧Tata's Next $5.5 Bn Bet?
Tata and Bisleri had been flirting with each other since last year but now they've called off their relationship.
And Tata being Tata has gone all "Thukra ke mere pyaar, mera intekaam dekhegi."
Just kidding, guys. Tata isn't toxic.
But Tata is huge. And it has made up its mind to enter the water business with or without Bisleri. Wondering why? ReadOn!
🎯 Hindenburg's New Target After Adani: Block!
Hindenburg Research has now found a new target. After all, scams and frauds don't really stop. And the new target is Jack Dorsey's fintech firm Block Inc. The charges against it?
Facilitating criminals, helping users commit fraud, accounting fraud and insider trading.
If you want to know about these charges in detail, ReadOn!
Let us know which piece was your favourite.😍
With love,
Team ReadOn ❤️
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