In today's episode for 30th July 2021; Robinhood is going public after having raised some $2.1 billion on NASDAQ at a $32 billion valuation. So we thought maybe we could look at the company and see what’s happening under the “HOOD.”
A few days back we began hearing whispers about a central bank digital currency (CBDC) and how the RBI is working on it as we speak. So in today's episode for July 28th 2021, we talk about this and more.
In today's episode for 24th July 2021, we explain why people haven't been too impressed by HDFC Life’s recent performance despite the fact that life insurance has been the talk of the town this past year.
Last Friday, Reliance Retail announced that it was acquiring a controlling stake in Just Dial for about 5700 crores. And while that may not be a gargantuan sum by any account (considering the kind of money we’ve seen being thrown around for internet startups), you still have to ask here — “Why is Reliance interested in Just Dial?”
In today's episode for 9th July, we talk about why the National Restaurant Association of India (NRAI) wants the Competition Commission of India (CCI) to intervene and level the playing field between restaurants and online food aggregators like Zomato and Swiggy.
A few days ago, a brilliant thread on Twitter outlined how big financial institutions in the US may now be cornering the US housing market. So we thought we could look into this matter and see how there’s a new corporate landlord emerging in the US.
This week, shares of United Breweries reached a record high and it gives us the perfect excuse to talk about Beer, market dynamics and why the the company’s shares have been rallying in the first place.
Many people have been asking us to cover the dispute over Basmati — with India claiming that they ought to have exclusive ownership and Pakistan claiming otherwise. So in today’s episode, we thought we would rehash our old story in a bid to simplify the matter and explain how we may finally reached a consensus
In today's episode we discuss how RBI is plotting to rescue the Punjab & Maharashtra co-operative bank.
Here is the confession letter from the Managing Director of PMC who was jailed subsequently for his role in the catastrophe.
Jubilant Foodworks just put out their quarterly results for March FY21 and they were pretty impressive, considering the pandemic. So we thought we’d take a look at the company and map their journey over the past few years.
On Monday, shares of Adani group companies tumbled rather precipitously in a matter of a few hours. And while it came against the backdrop of an ET report that alleged NSDL had frozen the accounts of three foreign funds holding about 43,000 crores worth of shares in the group companies, not everybody was convinced about the veracity of the reports themselves.
So in today’s episode, we piece together the puzzle and see all the conflicting reports associated with the incident
Last week, the US Senate passed a monumental industrial policy bill (“US Innovation and Competition Act”) that authorized a whopping $250 billion in federal funding towards science and technology research, subsidies for chipmakers, and academic research. But the implications of this bill are likely to be far-reaching and in today’s episode we discuss this and more.
A few days ago, the union minister for petroleum and natural gas said that he would like to see petrol and diesel included under the ambit of the GST. The reason being that it would probably bring down fuel prices. And while the suggestion does deserve merit, we have to ask - What's really stopping us from actually implementing this?
So in today's episode we discuss this and more
You can buy almost anything on Amazon.
And Amazon can buy almost anything it wants — Which is why it should come as no surprise that they just went ahead and bought MGM ((Metro Goldwyn Mayer) — the iconic Hollywood studio for a whopping ~$8.5 billion.
So in today’s episode, we look at the deal and ask — “What is Amazon trying to do with its latest acquisition”
The value of Bitcoin crashed recently after Elon Musk made a very public announcement regarding the cryptocurrency. It came out of the blue and it left everyone surprised.
So in today’s episode, we look at the announcement itself and see why Elon Musk risked antagonizing millions of crypto investors all of a sudden.
Last week, DMart posted its results for the March quarter and while profits jumped 55% compared to the same period last year, the stock price didn’t reflect these changing dynamics. So what’s happening here? Why aren’t investors upbeat about the company’s prospects despite these changing fortunes?
Well, in this episode we discuss this and more.
Softbank just recorded an annual profit of $43 Billion. And while it was mainly driven by the company’s investments in high profile startups, this marks a spectacular turnaround for Softbank who only last year recorded losses to the tune of $13 billion. So it’s imperative to ask — Have Softbank and Masayoshi Son, its enigmatic founder, finally turned a corner? Is the company the greatest venture capital investor of all time?
Well, that’s what we try and find out in today’s episode.
After we spoke out edible oil yesterday, multiple people wrote to us asking about the general increase in commodity prices. We are talking about things like iron ore, copper, and wood. And while we’ve already talked about some of these items in the past, we still thought it would make sense to look at some of the other factors affecting the demand-supply equation. So in today’s episode, we talk about the global economic recovery and how it’s pushing commodity prices to stratospheric levels.
On April 28, 2021, SEBI introduced a new rule. They mandated key employees of asset management companies i.e. mutual fund companies to invest about 20% of their salary in the schemes they run or oversee. They’ll have to tie it up for 3 years or for the duration of the scheme, whichever is shorter.
Basically, it’s a diktat forcing fund managers and other key personnel to have their skin in the game. But what is skin in the game?
Zomato is finally going public and the Draft Red Herring Prospectus — detailing the company’s financials and business prospects, is now out there for the world to see. And since there’s absolutely no way we will be able to cover everything inside the prospectus, we will focus on just one thing - Unit Economics. Basically, trying to see if Zomato has finally found a way to fulfil an order without spending more money than it earns.
These are a few useful COVID resources.
For beds and other medical resources — https://indiacovidresources.in/ (Please do note that most information available on the website is vetted by third parties. So you might have to do some due diligence before transacting with these suppliers)
For Donations — https://donate.indiacovidresources.in/
(A bunch of verified organizations that are trying to help Indians in any which way they can)
For Vaccinations — https://www.cowin.gov.in/home
(Please get yourself and your loved ones vaccinated. It works)
It’s been a tough couple of weeks this and we want you to know that our thoughts and prayers are with you and your families. I have no doubts that we will emerge from this crisis stronger than ever. But until then, I hope you take care of yourself, stay indoors and get yourself and your family members vaccinated, whenever an opportunity does arise.
In the meantime, here is our latest story on AI regulations and what this might mean for the industry.
A couple days ago twelve top European football clubs decided to create a new breakaway competition called the European Super league with the stated goal of reforming football. And while this might seem like a rather benign enterprise, the announcement has thrown the footballing world into chaos. So in today's episode we explain why this is the case and lay bare the economic incentives driving outcomes.
This story was written with inputs from Indifoot sports, an Indian startup trying to improve grassroots football in India
Natural gas was supposed to be the future. Or at least it was supposed to be the bridge, through which we’d transition to a better tomorrow. However as this report from Bloomberg notes, companies and investment firms are now increasingly moving away from fossil fuels altogether as demand for natural gas continues to plummet. So in today’s episode we look at the factors shaping the future of this relatively clean source of energy and how things might shape for incumbents who’ve bet big on this dream.
A few days ago, Citigroup decided to shutter its retail business in India. And while many people have already spoken about it, we wanted to offer a bit more context. So in today's episode we talk about this and more.
This week shares of sugar-producing companies rallied as much as 10% in a single day and while many people have asked us to cover these stocks, we thought maybe we could start by giving a brief overview on the sector. So in today's episode, we talk about the dynamics of the sugar industry.
A couple of weeks back, the CEO of Serum Institute of India announced that the launch of a new Covid-19 vaccine Covovax developed jointly in association with Novavax is likely to be delayed to September in the country. This came against the backdrop of a US Ban on exports of key raw materials required to manufacture the vaccine. And if the export controls aren’t lifted soon enough, it could upend the global war on Covid altogether. So in today’s episode, we look at why this is such a massive problem and what are the complications involved.
The Central Bank of China has started rolling out digital yuan in many cities across the country and it's making a lot of people sweat. So in today's episode, we talk about the advent of a Digital Yuan and how they're fundamentally different from other forms of currency.
A couple days ago, the restaurant association noted that new lockdown measures could put 90% of restaurants out of business in Maharashtra. And while the number does seem a bit exaggerated, it's still pertinent to ask - What's the impact of the new lockdown measures going to look like for the food and beverages industry
The Monetary Policy Committee (good folks responsible for setting interest rates in the country) decided to leave them as-is yesterday (at 4%) after deliberating on the matter for three days. However, that doesn’t mean there isn’t a story here. In fact, the Monetary Policy Report — published on the same day, had a lot of new insights on the current state of the economy. So in today’s episode, we will talk about all the interesting bits from the report and more.
Drones are everywhere these days. You can use them to capture breathtaking videos, you can use them for recreational purposes and you can use them to map places. The sheer range of application is mindboggling. However, as a country, we haven’t had clearly defined rules on manufacturing and operating these unmanned aircraft systems. So the government has been working hard to frame a new set of guideline regulating drone use and production in India and it went live a few days ago.
So in today’s episode, we will discuss these rules and more.
People have been asking us to talk about the pharma industry for a while now. So we thought we could talk about the industry whilst also using a use case (Cipla Limited) to explain the success of the Indian Pharma Industry.
A few days ago, there was a rather interesting article on Moneycontrol. It said — “The value of illegal cigarettes seized in the first 11 months of FY21 has spiked to Rs 1,772 crore from just Rs 187 crore in FY20, according to figures made available by the Central Board of Indirect taxes and Customs (CBIC).” And while the article does go on to explain why this might have been the case, we thought we could offer you more context by explaining why cigarette smuggling is so rampant in the first place.
A couple of days ago, there was an interesting article on Bloomberg and it went like this —
“Investors may not be clamouring to buy offices and hotels right now, but in virtual reality, property deals are surging and attracting millions of real-life dollars."
Think of these as virtual worlds created by aspiring developers. If you want to create your own version of reality, you can do so by building it on a computer. It could have virtual trees, virtual apartments, virtual people and even virtual land. You could even invite other people to live and explore your world — perhaps even help you build it. And as more people flock into these digital realms, the value of virtual assets inside them will start appreciating in tandem.
In fact, as the Bloomberg article notes — “Republic Real Estate, a firm that’s raising money to buy distressed condos in the physical world, is launching an invite-only fund next week aimed at investors seeking to buy virtual land. The venture plans to purchase parcels across several online “metaverses” and develop them into virtual hotels, stores and other uses, with the goal of increasing their value among cryptocurrency enthusiasts.”
So in today’s episode, we will talk about the rise of decentralized virtual worlds and why people are paying top dollar to own assets inside them.
Big foreign investors and fund managers are complaining about leaks. They contest that information about massive transactions are getting out easy and they want SEBI to intervene.
So in today’s episode we discuss this and more.
Everybody’s worried about SEBI’s new perpetual bond norms. Unfortunately, if you aren’t intimately familiar with these complicated instruments, all this might sound like woo-woo. So in today’s episde, we provide an oversimplified account of the whole story.
And to make sure we leave no stone unturned, we will take it from the absolute top.
In today's episode we talk about how to be a rational investor.
We have relied on excerpts from “Adaptive Markets: Financial Evolution at the Speed of Thought” by Andrew Lo and Nate Silver’s “The Signal and the Noise: Why So Many Predictions Fail-but Some Don’t”, to put this story together
This week, shares of Dilip Buildcon hit new highs (in over two years) after the company announced that it bagged projects worth Rs. 2,200 crores. The rally went into overdrive soon after the management vouched to double its revenues in five years. So considering there have been so many developments, we thought we could review the company’s journey so far.
The US government borrows a lot of money. Currently, they owe roughly $29 trillion—roughly 100% of their GDP. And a big chunk of this—Almost $7 trillion comes from other foreign countries. But here’s the interesting bit. Even India features on this list and as it stands, the US owes us about $216 Billion. So the question is simple — Why are the likes of India lending money to the US and why isn’t anybody talking about it?
A few days back Mike Winkelmann (who goes by the name of Beeple online) sold multiple editions of three digital artworks and 21 unique pieces at prices well above $100,000. All in all, he raked in a cool $3.5 million over a single weekend by selling what most people call crypto-art. So in today's episode, we take a quick look at the changing landscape of art and culture and see where crypto art fits in.
Two days ago Chinese smartphone maker Xiaomi announced that it was opening two new mobile manufacturing plants in India after partnering with BYD and DBG India. And if you don’t know who they are, here’s an excerpt from an article in Tech Crunch to help you out — “BYD is China’s largest electric carmaker with a long history of making electronics parts, while DBG has been a major supplier to Chinese telecom firms including Huawei.”
Both vendors will be manufacturing in India. And it seems as if Chinese smartphone makers are increasingly looking to source and produce parts locally. But the real questions still remain — “What are we really making in India and how’s the progress been so far?”
Many people have asked us to cover this story. And honestly, we aren’t looking forward to this story one bit. Because there’s nothing new happening right now. We knew all this 2 months ago. And we know pretty much the same things now. Global crude oil prices are increasing, the taxes are crippling us and the government has no recourse. That’s the story. But if you still want the long version, here goes…
A few months back, Citibank accidentally transferred nearly $900 million dollars to a group of lenders. And now, a New York Court has ruled that the lenders are under no obligation to return the money. So in today's episode, we discuss the greatest blunder of 2020.
Companies are now ignoring the traditional IPO route and opting to go public via SPACs. Star investors like Chamath Palihapitiya are batting for SPACs. News media has been covering SPACs rather incessantly for the past few months. And we know it’s time we joined in on the bandwagon. So in today’s episode, we will finally cover SPACs and more.
The popular dating app Bumble just witnessed a smashing wall street debut last week after having raised a cool $2.15 billion. So in today's episode, we look at the online dating scene and figure out how Bumble has emerged as a top competitor.
Page Industries saw a surge in its stock price after the company announced its results for the previous quarter. And considering they posted their highest ever quarterly profit, there’s good reason for us to revisit the stock. So in today’s episode, we talk about Page, Jockey and the not so glamorous business of selling underwear.
Car companies are halting production because their vendors can't supply electronic components. Laptops are struggling to meet demand because they don’t have computer chips. Mobile phone companies are having to pay through the roof to source critical parts. And it’s all happening because the world is witnessing an unprecedented semiconductor shortage. So in today’s episode, we talk about this and more.
India has had a problem with bad loans for a while now. People borrow and they don’t pay back. And it’s crippling banking institutions in this country. However, after the union budget was presented earlier this week, banking stocks went on a spectacular rally. So what gives?
Well, it’s hard to say precisely why these stocks are seeing such frenetic activity but the story goes that this has to do with the bad bank announcement. And in this week’s Finshots Markets, we talk about this novel idea for a bit.
In today's episode we talk about the crazy rally in silver.
If you would like to listen to our story of GameStop, here's the link - https://anchor.fm/finshots/episodes/You-only-live-once-epha4g/a-a4f9189
In today’s episode of Finshots Special, we’ll talk about how Videocon’s endless borrowing spree gave rise to the biggest corporate bankruptcy case in Indian banking history.
But let’s start from the beginning- back when Videocon was the king of consumer electronics in India.
Last week, Asian Paints took everyone by surprise. Their latest quarterly results were a sight to behold. Sales volumes made a strong comeback and net profit jumped by a stellar 60%. Perhaps even the most optimistic analysts weren’t expecting such numbers. So in this week's Finshots Markets, we look at everybody’s favourite paint manufacturer and see how they’ve managed to stay on top.
Reports suggest that Tata Group is in talks with Big Basket and 1mg — the online pharmacy platform, to acquire a sizeable stake in both companies in a bid to scale up their plans of building a super app. So we thought maybe we could look at these deals and see why the allure of a super app still captures the imagination of Indian entrepreneurs.
Last week, Tata Elxsi published its results for the third quarter and announced that their net profit jumped 40% when compared to the same period last year. And while this isn’t exactly spectacular news in its own right, it does look pretty impressive considering the stock has been on a remarkable run for the past few years. So we thought we could look at the company and see what’s brewing at Tata Elxsi.
In an interview with BloombergQuint, Raghuram Rajan, while discussing the global outlook of the economy and the effects of the pandemic on emerging markets, suggested another Taper Tantrum episode might be on its way. But since taper tantrum isn't a word you come across so often, we thought maybe we could simplify it. So in today's episode, we discuss this and more.
A series of unfortunate events have pushed Indian seafood exporters to the brink. First, there was the Covid induced disruption. And now reports suggest that Indian fishing exports have suffered collateral damage in the ongoing tussle between India and China. So in today's episode, we look at what went wrong and how bad the situation actually is.
Recently Deutsche Bank was implicated in another scandal and they were made to pay $130 million for their misdeeds. And while this isn’t news per se, a federal court charged them for engaging in something called spoofing. So in a bid to uncomplicate matters and explain this technical trading term, we thought we could look at the mechanics of spoofing and understand why it’s categorized as an illegal activity.
The Indian Railways Finance Corporation is gearing up for an IPO and while we don't usually do Sunday episodes on the markets, many people had requested us to cover the issue. So in this week’s Finshots Markets, we look at the company and see what they are up to.
Banks want MDR (merchant discount rate) reinstated for RuPay and UPI transactions. The only problem — Most people still don’t fully understand the issue. So in today’s Finshots, we discuss MDR, its abolition and more.
On January 8th, Twitter permanently suspended President Donald Trump’s account from the platform after a mob of protesters ransacked the legislator’s offices in the Capitol. Facebook, Snapchat and Instagram also booted the president off their apps and many other companies followed suit soon after. And while this move was unprecedented for the most part, it wasn’t exactly unexpected. So in today's Finshots, we look at how the reluctant gatekeepers became the active moderators of 2021.
In today's episode we bring you a recap of a past story based on the fraud that shook parts of US markets amidst the Coronavirus turmoil.
Fair warning- This will probably take more time to listen to, but we promise you, it will be worth your time.
A few days ago, Maharashtra reported that it had seen a spurt in revenue collection after having reduced stamp duty on sale deeds. So we thought we could take a closer look at this story and perhaps explain how stamp duty has been evolving over the years.
Bitcoin has been on a rally like no other. So we thought we could look at the crypto asset once again and see what's really happening this time around. But like every other story, we need an introduction before we start moving along. So here goes...
On January 1st SEBI ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd. to pay a combined penalty of Rs 40 crores for alleged manipulative and fraudulent trading in the month of November 2007. And if you’re wondering why the regulator imposed such a harsh penalty, here’s our simplified take on what happened during the fateful month.
This week the CBI booked a Hyderabad based company, Transstroy India and its directors for an alleged bank fraud totalling ₹7,926 crore. For context, the Nirav Modi scam involved ₹7,700 crores. So yeah, we need to talk about this story because this is likely going to turn into another bad loan.
Steelmakers have been making an impressive comeback of late. A meteoric rise in production, robust recovery in demand and record high selling prices have all pushed the incumbents in the industry on a profitable path. And through it all, the stock price of major steel producers have been on a rally like no other. So we thought we could look at the industry, understand the dynamics propelling it and see how this recovery is currently manifesting in an ever-changing world.
On Tuesday, the federal government, including 46 states in the US sued Facebook for engaging in monopolistic or anti-competitive practices. And while many people have sued the company in the past, the sheer scale and influence of this lawsuit deserves special merit. So we thought we could look at the case more closely and explain why Facebook is being accused of exploiting its dominance in the social media space.
Australia is all set to introduce a law that would force companies like Google and Facebook to pay media companies for their news content. As chairman of the Australian Competition and Consumer Commission noted — “There is a fundamental bargaining power imbalance between news media businesses and the major digital platforms, partly because news businesses have no option but to deal with the platforms, and have had little ability to negotiate over payment for their content or other issues. We wanted a model that would address this bargaining power imbalance and result in fair payment for content, which avoided unproductive and drawn-out negotiations, and wouldn’t reduce the availability of Australian news on Google and Facebook.”
And while there is considerable euphoria surrounding this bill, there is also good reason to exercise caution. So we thought we could look at this more closely and see how it might impact the media ecosystem in Australia. Possibly even the world?
On Monday, news agencies started reporting that President Nicolas Maduro had seized total control of Venezuela’s political institutions with a sweeping victory in legislative elections. And while there was considerable euphoria within the Venezuelan ruling class, ground reports from the country are truly disheartening, to say the least. 96% of the country’s population currently lives in poverty and about one-third of these people lack enough nutritious food for normal human growth and development. According to one survey, 60% of Venezuelans shed at least 11 kilograms in weight over the recent past due to malnutrition.
And with the pandemic and the lockdown in place, the food crisis has reached truly incredible proportions. Whatever little food that Venezuelans still produce is currently rotting because farmers don’t have the means to carry their produce to the markets due to an unprecedented shortage of overpriced fuel. Imagine this happening in a country that boasts the largest oil reserves in the world. It is simply crazy. So we thought maybe we could look at how Venezuela got here and see why the government's policies to control prices have failed so miserably.
Spotify has reportedly confirmed that they are testing a Stories feature within the app.
And while reactions to the announcement were mixed, we thought we could look at the feature more closely and see why so many companies are adopting “Stories”.
This week Shree Cement’s stock price breached its yearly high. And while that isn’t surprising in itself, the rally came against the backdrop of stellar results for the months of July, August and September, when most businesses were still struggling to cope with the pandemic. So we thought we could look at Shree Cement and its performance, particularly considering it’s part of the Nifty 50 now.
What happens when a multinational corporation is forced* to delay a product launch because someone else owns the right to use the name?
Well, ask Sony.
*While there were rumours circulating that Sony was forced to delay the launch of their much-anticipated console in India because of the trademark issue, it’s still not quite clear if this was the principal reason for the apparent delay. After all, despite the gentleman withdrawing the application. Sony is yet to announce a launch date for the PS5 in India. So who knows?
Last week, Motherson Sumi unveiled its detailed 5-year plan where it set an ambitious target of reaching sales figures totalling ₹2.6 lakh Cr by 2025. That means they’ll have to quadruple sales over the next five years. And while such lofty proclamations are usually met with derision, investors and analysts have been quite optimistic about the company’s prospects. In fact, its stock price made a yearly high right after the announcement.
So we have to look at this more closely and ask — Do these claims warrant serious consideration or are they mostly fluff? Well, in today’s Finshots Markets, we will discuss this and more.
Airbnb is looking to potentially raise $1 billion in an IPO by the end of the year. And while we mostly do stories on the Indian markets, we thought we would switch it up this week and do a story on something more international. So yeah, hopefully, you'll enjoy this one.
On 2nd September, Indian authorities banned the popular battle royale game PUBG alongside many other apps with links to China. However, just a couple months later, PUBG is planning to stage a comeback. So in today’s Finshots, we will look at how the saga has unfolded so far and why the gaming company is so desperate to make a re-entry.
Yesterday, drugmaker Pfizer announced that early analysis of its coronavirus vaccine trial suggested the vaccine (developed in conjunction with BioNTech) was robustly effective in preventing Covid-19. And while multiple pharma companies have released details about their own vaccines so far, there is a lot of optimism surrounding Pfizer’s announcement.
So why are people this excited you ask?
Hero MotoCorp put out its sales figures for the month of October and it surprised almost everyone. The company said it had recorded the highest sales figure ever and experts were visibly surprised with the announcement considering we are in the midst of a pandemic. So we thought we could look at Hero, its current performance and see how the company has fared over the past couple decades.
A couple of days back, Infosys announced that the company had reduced its carbon footprint and turned carbon neutral 30 years ahead of the 2050 timeline. So we thought we could look at this story and see how they got here.
Airtel just reported its latest quarterly results and while the company could not muster a profit, there’s been a lot of optimism surrounding its future prospects. So in this week’s Finshots Markets, we thought we could look at Bharti Airtel and see why analysts think this might be a turning point for the company.
Quibi was meant to revolutionize the streaming industry. It had everything going for it.
Seasoned tech executives — Check
Big-name Investors — Check
A $2 billion-dollar war chest— Check
And yet 6 months after launch, Quibi is all set to shut down. So what went wrong?
Stock buybacks are all the rage these days. The government is doing it. Tech companies are in on it. And every other day, we hear rumors about a new company planning to repurchase shares. So in this episode, we thought we would look at buybacks and see why companies are so excited about this little program *except for the obvious tax benefits that is*
Life insurance products have been synonymous with LIC since time immemorial. But ever since the government opened up the industry to private players, a lot of companies have been making considerable headway. And perhaps one of the leading players in the recent past has been HDFC Life — a company that’s focused on selling long-term life insurance products. So today we thought we’ll look at how the industry is shaping up and HDFC Life’s place in the ecosystem.
The Monetary Policy Committee met once again last week and while they didn’t fiddle with interest rates, there were a couple of exciting announcements.
One of them was related to home loans and that’s what we'll be discussing today.
Last week, in an unprecedented move, shareholders of Lakshmi Vilas Bank ousted seven directors from the company all in one go. Insiders stated that the decision was predicated on the fact that Lakshmi Vilas Bank had been underperforming for a while now. But here’s the thing. There’s more to this story than what meets the eye. And so today, we will talk about what really went down at Lakhsmi Vilas Bank.
A couple of weeks ago, Tata Sons and the construction giant Shapoorji Pallonji Group were on the verge of fighting another bitter courtroom battle that would have further strained their relationship. But then within a matter of days, both parties reached a compromise that would help them walk away from the feud rather amicably. And if you’re wondering what this story is about and why any of this is relevant, today’s Finshots Market is for you.
On September 10th, a forensic financial research company in the US — Hindenburg Research released a report calling into question some of the lofty claims made by the billion-dollar EV upstart — Nikola.
So in today’s special edition, we simplify the 15,000-word report and present a cogent narrative on how Nikola became a multi-billion dollar auto company without ever putting a single truck on the road.