Funny how a food delivery app is worth more in the market than a company that powers the entire country and pays more in taxes and dividends than the app's total earnings. Priorities, right?
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Havish Gupta
Figuring Out • 1y
Many of you have know that only less than 5% population in india, pays taxes. But there is reason for it. According to this economic times report, only 1.8 crore people earn more than 5 lakhs annually (~2%). And if you earn less than 5 lakhs, you leg
Zomato's Market Cap is more than Coal India's Market Cap
But
Coal India's Total Dividend payment in a year is more than Total Revenue of Zomato
And
Coal India's Tax Paid in a year is more than the Total Profit of Zomato
That's it ....
FY24 Coal India revenue: ₹30672 Crore
FY24 Zomato revenue: ₹6274 Crore
Coal India pays more dividend than the revenue of Zomato.
Then why does Zomato have higher valuation than Coal India?
The internet uses more energy than the entire airline industry combined.#tech
#digitalworld
#online
#virtualreality
#datacenter
#energyconsumption
#environmentalimpact
#sustainability
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