Pivoting away from social commerce and fraud allegations against founders have jeopardized the short-video app. Its latest financials bear testimony to the grim state of affairs.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.
The YouTuber is in the crosshairs of all branches of the government for his poor joke. The actual joke could be on the notion of free speech in the country.
The regulator has eased the eligibility criteria to become a registered investment advisor, but the compliance procedures could still make social media influencers offering financial advice wary of registration.