How bad are things in Sharechat?
lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?
Competitors like Sharechat seem to be struggling with string of layoffs and founders jumping ship. Is Daily Hunt also in the same boat? They hired Umang Bedi from Facebook but has he been able to turn it around.
They’re acquiring startups in the same space when they themselves couldn’t afford to reduce their burn and look towards a sustainable finance model. They’re getting a lot of PE, which is good for the business. But I feel they should start concentrating on themselves first. Head over the shoulders.
lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?
Will these cash burning companies just continue raising money and biding time or will they implode soon? Not well informed on this, genuinely want to know how this works And what happens to their 1000s of employees
Heard on Twitter that social media app ShareChat is going BUST.
Is this true?
I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?