Mr Byju's should come out and apologize to the stakeholders and employees he lied to, that's the least he can do. Sending company wide 3 page emails stating that everything is alright at BYJU's and there won't be any layoffs is one of the biggest lies he told and his wife should do something for the company rather than preaching baseless initiatives done by the company on LinkedIn.
Why is this surprising? Anyone who knows anything about Byju’s knows they have been in a soup for some time now. It’s going to go bust
There are problems for sure They would downsize
But this feels much more grave
Exactly. The writing was clear since atleast over an year.
White hat jr founder is the real winner here
Okay. Now this is scary.
One more big fish is in the soup. Wait for the market to crash furthur
First the audit report got delayed. Now they’ve reported a loss of over 4.5k cr. And I believe they’re like a mothership of edtech, if they gone down then the entire category goes down from an investment perspective
This in addition to all the cricket sponsorship. And then getting Messi as an ambassador.
All of this happened not so long back, and now the company is down to a 1 Billion dollar valuation.
What was the meaning of all of this? How was ...
