Figuring Out • 23h
At peak, both of these giants were together valued at well over $10 Billion, and now they're trying to merge at terms which are gonna value each of the company at basically $1 billion. The entire edtech bubble popped really badly. The model was insanely solid. Make videos once and keep selling them for lifetime. All they have to focus on is paying server bills. but that didn't happen. Like what Anupam Mittal once said, "The Cac kept rising while the ltf kept decreasing". Also shift to office classes had a lot of impact but Only Duolingo was able to survive because of their insanely additive apps and all the user retention measures. There's so much we can learn from their downfall.
Building WelBe| Entr... • 8m
Meesho plans $1 billion IPO at $10 billion valuation Meta-backed e-commerce company Meesho is planning to list on stock exchanges around Diwali this year, aiming to raise around $1 billion in an initial public offering (IPO) at a valuation of $10 bi
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