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I Think they have no future , what will they get by sending those snaps to your friends . Once people realise it it's over

🥵

I’m sure they will find ways to monetize their massive userbase somehow someday. And when they do, they’ll be unstoppable.

I had heard that they are raising in a downround which might make them end up below a billion dollar valuation.

Two co-founders of ShareChat have left to start their own startup leaving their CEO alone to handle this sinking ship.

“We spend to grow”- a great founder whose $47B company collapsed a month back :P

Idk what the outcome will be for Sharechat but the founders are truly exceptional. Listen to them in any podcast or interview. They really knew what they were doing.

They had spent a fortune in acquiring influencers in the rat race that started after the ban of TikTok. Reels got everyone without much spend. The power of a larger audience is widely underestimated.

I’m sure they have started looking for buyers.

It’s hard to make a social media platform but you have to give it to Ankush and team who have managed to create such a large platform in India. Their users might not be valuable now but eventually they will be as India’s per capita GDP rises.

Haha, I remember when Sharechat’s last round happened of approx $500M, sharechat had said in the media that they are going to hire 1000 engineers. Fast forward, they fired 600 people a few months back xD

Sharechat is the peak example of what happens when founders are delusional.

Moj has drowned too. Copying an existing model despite huge players with distribution available was never going to work. Reels is the biggest winner in India and then shorts.

Everything is a copy of a copy of a copy of a copy of a copy of a copy of a copy....Tyler Durden.

India is a simple DAU farm. Specially if you are building for tier 2 and tier 3 audience who don’t have any money to spend.

It’s one of India’s biggest successes. Give them time and I’m sure their turn large profits.

The founders kept selling the next billion users story. Look at them now.

They will be acquired by Google. It’s a pretty well known rumour in the ecosystem.

Is this public information? If yes then why don't investors do an audit to figure out what revenue model is being followed? What's the end game?

Soon they are going to bankrupt