Equity

Equity Monday: Jeff's going to space, and everyone wants a piece of Flipkart

Jun 7, 2021
In a whirlwind of tech news, Elon Musk's electric cars are making headlines, while Nigeria ramps up its Twitter restrictions. Flipkart's massive $3 billion funding round showcases the booming Indian e-commerce scene. Jeff Bezos is set to venture into space, raising eyebrows about future space tourism. Meanwhile, Canadian startup Trulioo hits unicorn status with a hefty funding round, and Kanzhun plans to go public in the U.S., reflecting ongoing interest in Chinese companies despite political hurdles.
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ANECDOTE

Supercharged Model S

  • Elon Musk canceled the supercharged Model S Plaid Plus.
  • The still-fast Model S Plaid goes 0-60 mph in <2 seconds, has 1,000 horsepower, and costs $113,000.
ANECDOTE

Nigeria's Twitter Ban

  • Nigeria continues its Twitter ban, escalating efforts to block VPNs.
  • Alex Wilhelm predicts this will fail, like similar attempts to control open information.
INSIGHT

Flipkart's Funding

  • Flipkart could raise $3B at a $40B valuation, with SoftBank and sovereign wealth funds interested.
  • This high valuation highlights intense investor interest in the growing Indian e-commerce market.
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