Hike, once a unicorn, shuts down as India cracks down on real-money gaming
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The Downfall of a Unicorn: Hike's Shutdown Amid Regulatory Challenges
This chapter explores the shutdown of Hike, an Indian startup that transitioned from a messaging app to gaming, highlighting the impact of government regulations on the real-money gaming industry. It delves into the challenges faced by the sector, including layoffs and strategic changes due to regulatory pressures.
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