Equity Equity Monday: Paytm's rocky debut gets rockier
Nov 22, 2021
Paytm's rocky IPO takes center stage as its shares plummet, leaving many questions unanswered. Facebook's encryption rollout is postponed to 2023, stirring mixed feelings among users. Meanwhile, ByteDance exits India's edtech scene, shaking up the market. On the startup front, Jina.ai secures $30 million, while Deliverr impressively raises $250 million. The talk also delves into the intriguing world of decentralized autonomous organizations, shedding light on the complexities of wealth-based voting in crypto. A packed discussion awaits!
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Paytm's Rocky Debut
- Paytm's stock price declined sharply after its IPO, losing 27% on the first day and another 13% the next.
- This suggests the company was potentially overvalued by its backers before going public.
Facebook Encryption Delay
- Facebook delayed end-to-end encryption until 2023, citing safety concerns.
- Governments want user privacy but also backdoor access, creating conflict with secure encryption.
ByteDance Exits Indian EdTech
- ByteDance is shutting down its EdTech business in India.
- This could reflect increasing competition or the decoupling of Indian and Chinese tech economies.