Market share, aggressive management, capital allocation, house hold name, PE funding, IPO craze, so these losses until the business goes down will not matter. It is about the future and not the current losses is said for many such companies.
Byju’s has been on government radar for quite some time and I think there is something fishy going on in the company’s financials. They have already passed their own deadline for filing audited financial statements, the company has not fully paid the amount for acquisitions it has made, and I think there is a lot more to uncover. The MCA needs to direct a forensic audit of the company before more investors are duped.
I somehow get a feeling this is not gonna end well
He claims that $300 million is nothing for him. He has become arrogant and now only public markets can teach a lesson to such companies and entrepreneurs.
In most cases, it will be the investors who will lose more, I don’t think owners will lose more than the small investors. Frenzy makes top level rich, leave the small folk in the water.