Clubhouse wants to become the next big thing in social media. But that's easier said than done.

Why? 3 reasons.

1/3: While its rise has been impressive, #Clubhouse's audience is still a droplet in a sea compared to its competitors’. Image
2/3: There’s competition a-brewin’. Twitter has gone live with a similar audio-only feature called Spaces. Spotify recently acquired Clubhouse rival Betty Labs. Discord, Facebook, Slack and LinkedIn are working on live audio offerings too.
3/3: Clubhouse has its share of criticisms. Like its exclusivity, high barrier of entry and iOS-only presence. But also its content moderation policy, which is lax and user-driven.
Head to this link to read about how @joinClubhouse became a big deal, how it makes money, and what lies ahead for it: transfin.in/what-is-clubho…

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More from @TFinMedia

18 Apr
India, the world's largest vaccine maker, has now become a vaccine importer.

What went wrong with our #COVID19 vaccination strategy? Image
India’s vaccination drive was supposed to be the light on the horizon. Not just for its own pandemic response but also for several other countries, particularly low- and middle-income ones, which relied on India’s pharmaceutical expertise to flatten their #coronavirus curves.
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SPAC me the money!

Special Purpose Acquisition Companies, or SPACs are all the rage in Wall Street of late. They are an alternative to traditional IPOs if the intent is to take the company public.

[1/4]
The process is quite reverse, actually. In an IPO, a company with a defined prospectus is looking to raise funds from the market. A SPAC, on the other hand, is a company with money on its hands, looking for new business collaborations (mergers/acquisitions) to focus on.

[2/4]
Recently, India's Number #1 renewable energy company, ReNew Power, opted for a SPAC-IPO to go public on the NASDAQ Exchange. As more and more companies take the SPAC route, it becomes clear that investment is no longer a goal-oriented idea but a gain-oriented idea.

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3 Mar
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#Tata Sons is one of the biggest #business conglomerates in India and around the world. Its reliance on the IT-specialisation wing, TCS has only increased.

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In FY19, TCS’ contribution to Tata’s revenue increased from 70% the year before to 90%. Contribution of non-@TCS companies shrunk by 23%.

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[2/4]
It has been solely responsible for the consolidation of all its digital businesses. Ratan Tata’s decision to not go public with the company may have been another factor for TCS’ operations.

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18 May 20
#Thread

#US Senator @ThomTillis recently unveiled an 18-point plan to hold #China accountable for the #COVID19 #pandemic.

We discuss why companies are shifting manufacturing base and supply chains away from China and how #India stands to gain much.

Read on
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(1/n)
A swelling chorus of voices around the globe is asking China to pay up for the damages incurred due to the deadly coronavirus outbreak. The United States-led by President #DonaldTrump is leading the troop (no surprises there!)

(2/n)
A top US Senator Thom Tillis has unveiled an 18-point plan to hold China accountable.

Of these, a suggestion with the most ramification is perhaps moving manufacturing back to the US and gradually eliminating supply chain dependency on China.

(3/n)
Read 5 tweets

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