Will a new airline company take off in #India right in the middle of a pandemic?
A thread.
News flying in from the aviation industry suggests that the big bull of Dalal Street, Rakesh Jhunjhunwala, is planning to invest up to Rs. 260 crores in a new low-cost airline called “Akasa” with Mr. Vinay Dube (ex CEO of Jet Airways and GoAir) as its tentative head.
And you must be wondering - Why would they try to set up a new airline bang in the middle of a pandemic?
In the 1920s, the US #government decided to ban the manufacture & sale of alcohol to reduce crime rates.
But “the noble experiment,” as it came to be known, cost more than $300M to enforce, lasted for just a decade and the federal government lost $11B in tax revenue.
So what went wrong?
For starters, this prohibition proved to be bad for the #economy - thousands of jobs were lost when breweries, distilleries, and pubs shut down. Restaurants couldn’t make enough money without liquor sales either.
Understanding Zomato's Unit economics and figuring out why it's the key to a profitable future. A thread🧵
Unit economics (in this instance) means measuring business performance by comparing the revenues and costs involved in processing a single order. And if you want to understand what that means, consider the example below.
Each time you place an order, you pay a certain sum to Zomato (less of all discounts). Zomato then takes a cut and they promptly transfer what’s left to restaurants. It's an oversimplification, but it will have to do for now
Ever wondered what's the psychology behind free samples?
Here's all you need to know 🧵...
Milton Friedman once said that there is no such thing as a free lunch. But if you think about the freebies that brands offer us, you might feel otherwise.
We’re talking about free samples, trial packs, & testing kits. Do companies really want you to test their product and make an informed decision, or is there something more at play here?
We've received so many questions about this that we feel compelled to address this bit now.
For the longest while, we've wanted to keep Finshots free. No ads. No subscriptions.
And it isn't because we are a not-for-profit. (We aren't). But, because we wanted to try a different approach. An approach that involves building an active community of like-minded people.