Saturday, January 28, 2023

ShareChat employees and investors shed light on the company's leadership crisis and say revenue has not kept pace with cash burn and the ~$5B 2022 valuation (Moneycontrol)

Moneycontrol:
ShareChat employees and investors shed light on the company's leadership crisis and say revenue has not kept pace with cash burn and the ~$5B 2022 valuation  —  The company's top and middle management are hollowing out, revenue has not kept pace with cash burn and Sharechat's top-tier valuation …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...