Those who ask Ambani why he don't compete with big companies, he does and, and he has a graveyard of failures there because he can't just use money to win there.
In software, other companies are big companies with cash, they can also reduce their cost, but the small snacks sellers, chocolate factories can't afford discounts. And he ends up killing those companies.
i) He acquired Saavn to compete with Spotify, god knows who pay for it now.
ii) JioChat and JioMeet, another one to counter WhatsApp and Zoom, no one use because he can't just throw money to win, need to work on UI, UX, Supprt which is lil difficult.
iii) JioPages, his chrome alternative, no one uses.
iv) JioBook, his chromebook alternative, basically a cheap laptop for kids, failed.
And there's too many attempts and none of them succeeded.
And JioPC and his cloud gaming thing are next to fail.
South Korea's KOSPI is down another 7% today.
June peak: 9,385
Today: Below 5,600
A crash of over 40% in just four months.
KOSPI would need to crash another 35% from here to match Nifty's 2026 return.
Markets are crashing like anything and its mostly because of the manipulation done by the govt in all data they publish and Tax terrorism that they have unleashed on India
SEBI and every person responsible for bringing this CAS monster into India should be held personally accountable for this colossal regulatory negligence.
When regulatory negligence can disrupt the functioning of an entire market, the answer cannot be another committee, another explanation, or another press release.
There must be consequences. Real consequences.
@SEBI_India
@NSEIndia@BSEIndia@FinMinIndia
#OptionsTrading #trading #nifty #sensex #stockmarket #trader #SEBI #NSE #BSE #CAS #RollbackCAS #IndianStockMarket #AbolishSTT #RetailTraders
This is what happened on expiry day
Sensex 78,000 Call went from 2 to 80
Sensex 78,000 Put went from 166 to 0
Why? The indicative equilibrium price which was 78,860 till 3.28 suddenly became 79,080 at close. This is not right. This is turning option trading into gambling. At this rate, nobody will be willing to sell options.
A heartfelt thank you to the entire trading community for standing united today. Your participation in the No Trading Day sends a clear message regarding the CAS system and the unjust STT hike. Together, we are the voice of the Indian markets! 🇮🇳📉 #NoTradingDay@IRITA_india
12th august is a no-trading day for retail traders. Make sure to post a screenshot of your empty order book at 3:30 PM.
The goal is to make a huge dent on volume and liquidity on 12th Aug so that media catches the attention and raises voice.