61–70 of 108 posts
Earlier quoted context omitted.
Isn't that what every early stage SV company does? Spend investor money to acquire and engage audience?
Yes and 99% of them go bankrupt when unable to return profits
When JIO was launched, till it became the behemoth it is today, there were a series of some 20 regulatory changes in Telecom in India, all benefiting Jio at the right time, hurting their competition. When everyone is investing in Jio, I think its that absurdity everyone is investing in.
Earlier quoted context omitted.
Yes and 99% of them go bankrupt when unable to return profits
Except Jio's parent company is an extremely profitable entity in a sector with certain demand and deep rooted relationships with the government
Does the fact that Google and Microsoft have Indian CEOs, Sundar / Satya respectively, give them an advantage when dealing with the Indian market? Especially when considering the fact this pronounced interest in Jio is largely just as a way to enter into negotiations with the owners of the Indian market/government.
At a superficial level - yes Both grew up in India before migrating to US so understand India very well In reality Sundar Pichai - no Satya Nadella - yes. This guy is a @#$#$ genius. And Indians have a lot of respect for smart people who deliver results So, Indian Goverment is not owned by Reliance However, all things being equal Indian Government would prefer an Indian company like Reliance owns the keys to the king…
Imperialism is a function of nation-states, not corporations.
Most nations have "national champion" corporations that work with the nation's government to promote/influence other nations. US/Boeing, EU/Airbus, France/Bull, etc.
So calling Bezos/Zuckerberg "imperialist" while Pichai/Nadella are somehow not is ridiculous. These are CEOs of corporations. All corporations are "imperialist" in that they are attempting to gain "market" against their competitors and they will co-opt their associated nation-state to help that.
Corporations are amoral by definition.
Jio’s parent company reliance is a textbook crony capitalism model. Since it’s inception they have been able to get unfair advantage by having or buying insiders from the government also they hire ex-bureaucrats for their network and no the moves in the government before it becomes public. On top of it Indian government was holding back retail market access from international competition till they get to ramp up (whi…
No different from lobbying efforts in the US. Case Point : TurboTax
Earlier quoted context omitted.
And more importantly choke-hold over the government bureaucracy. They can essentially bulldoze government over any rules and regulations, and bribe around freely. This is how Reliance got big.
Here comes the copy pasted argument without any fact or figures to support it that appears in every thread regarding Jio/Reliance/Ambani/India or a combination thereof. Frankly, it is getting a bit stale and feels a lot like the standard Redditesqe drive-by factless commenting behavior to gain cheap karma and dopamine hits of raging against the system. HN is supposed to be better. > They can essentially bulldoze gove…
> Within a span of four years, Reliance pumped in over $33 billion from its other businesses to expand Jio’s market. > Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine] > A sizable portio…
I'm super curious what technical reasons mandate that there can be only one 4G license in a country with 1.4 billion people. And how that affects competition in a country that has Corruption Perception Index equal to that of Morocco, Ghana, China or Benin.
edit: formatting
> Within a span of four years, Reliance pumped in over $33 billion from its other businesses to expand Jio’s market. > Jio was able to achieve these cheap rates by acquiring the only firm that won a pan-India 4G license, leveraging the superiority and cost-efficiency of 4G compared to older cellular standards, and because of the unparalleled size and resources of its parent company. [emphasis mine] > A sizable portio…
You are right in your analysis. Jio is using a different accounting approach to show that they are profitable. One - Their depreciation model is non-standard vs. what is used by other telecom companies & Two - They are booking the sales of subsidized devices under their retail subsidy - Reliance retail. If there is someone who understand this better, I would like to get more insight. https://economictimes.indiatimes.…
When JIO was launched, till it became the behemoth it is today, there were a series of some 20 regulatory changes in Telecom in India, all benefiting Jio at the right time, hurting their competition. When everyone is investing in Jio, I think its that absurdity everyone is investing in.
I'd also wager that Facebook has been lobbying the US government to ban TikTok. This is the first big threat they've had that they haven't been able to buy or crush