Tiger Global, once a dominant force in the investment world, has suffered a massive loss of $40 billion. The company's questionable investment practices, including inflating valuations, have angered investors. As a result, their attempts to raise funds for a new project have been met with reluctance. To salvage its reputation, Tiger Global seeks to offload some of its portfolio investments, but faces challenges in finding buyers. Experts attribute the current state of the private equity industry to a shift from FOMO (fear of missing out) to DWTC AFK (don't want to commit away from keyboard) mentality, as investors become more cautious and skeptical of inflated valuations and rushed deals.
In today’s episode for 31st August 2023, we tell you about everything going on at the legendary private equity firm.
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