CA Suraj Singh

Practicing CA • AIR 43 • Tax & Finance • Multipotentialite • 🛫the 🌍 • Cornell • Ex @EY_India @tatatrusts GOI.

[Ajay Rotti @ajayrotti]

As against this weighted average price of Rs 1900, SBI's cost of acquisition is Rs 0.80 per share!!!

They are offering almost 8 crores shares (interestingly their entire holding). Assuming an OFS price of Rs 2,000.... That is a profit of almost Rs 16,000 crores on an investment of Rs 6.5 crores!!!! Their first investment was in 1993. 25% plus CAGR over 33 years!

[CA Suraj Singh @suraj_22]

@WhatsApp with Plus subscription plan, can I get the option to disallow all the companies & brand marketing / spam messages? Unless explicitly allowed by me.

[CA Suraj Singh @suraj_22]

@join2manish Trump’s disrupting the whole world order with fun tweets.

[CA Suraj Singh @suraj_22]

@PhonePe what is the process to deactivate wallet permanently?

[CA Suraj Singh @suraj_22]

@Himanshugoelyt And when you click on the link

@PhonePe have you gone nuts??

@RBI needs to take a note and some penal action. Under what rule are they authorized to charge for inactivity.

[CA Suraj Singh @suraj_22]

@Ajain112 Law is not simple (something where we can do better)

Govt. wants to protect revenue. Businesses want to pay least tax (in every way possible). So there arises the core dispute.

Judiciary takes long time (which is the actual torture). Fixing this is the solution.

[CA Suraj Singh @suraj_22]

@Ajain112 It has always been tough, D2C founders find it when they face it.

But there is also a solution to this, hire a good CA/lawyer who can fight this out.

There have been various cases which went against the dept & businesses have won on classification of goods/service.

[CA Suraj Singh @suraj_22]

@iAbheejit @SBICard_Connect Story of every top brand out there. Seems AI chatbot has taken over and still can’t provide basic customer support.

[Reads with Ravi @readswithravi]

An African Proverb:

[Omar Cisneros @OmarC253]

@KTmBoyle

[Nick Davidov @Nick_Davidov]

Not a single grifter, natural resources extractor, heir, or financial speculator.
Builders, innovators, who created unprecedented wealth for their employees, investors, and made expensive things accessible to everyone. Living proofs that this can be done in a single lifetime by working hard and smart
God bless capitalism and innovation

[Bill Ackman @BillAckman]

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.

SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.

Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.

SpaceX will materially bring down the cost of compute, advancing AI and humanity.

Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.

The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.

Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.

Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.

Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.

Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.

We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

[tetsuo @tetsuoai]

History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.

Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.

And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.

You cannot legislate a rocket into orbit.

[The Rabbit Hole @TheRabbitHole]

Don’t worry about Elon becoming rich with his own money.

Worry about politicians becoming rich with your money.

[CA Suraj Singh @suraj_22]

So the largest e-commerce player in India @Flipkart couldn’t deliver a single book in 22 days. Finally cancelled the order.

[danpallotta @danpallotta]

Elon Musk did not today take $1 trillion from anyone. He created $2.3 trillion in value that did not exist prior to him creating SpaceX. New inventions create new value in the world. They don’t transfer existing value. If you do not understand this, please, take a basic economics course, or remain on the sidelines.

[shirish @shiri_shh]

bro immigrated from Mexico and took a $28/hr contract welding job in 2015.

didn't even know what SpaceX was.

they gave him $10,000 in stock and let him buy more through payroll deductions.

that stake is now worth $880,000.

and he's one of 4,400 employees who became millionaires on Friday. welders. technicians. cafeteria staff.

[Aravind @aravind]

"Dancing is very bad behavior only when it is Indians doing it in foreign places. If foreigners join in, it becomes an art and celebration of life." - Self hating, Low self-esteem, colonized sepoy minds of India.

[Shruti @heyshrutimishra]

Elon just created 4,400 millionaires in a single day.

400 of them are now worth over $100 million.

These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.

Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.

Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."

The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.

Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.

[CA Suraj Singh @suraj_22]

@ganeshsonawane The ones who mock / discourage aren't the targeted audience in the first place itself.

The target audience for the premium quality products would definitely value the brand, now it’s up to the companies to not play commodity pricing game and proudly play the premium market.