A 3-min daily newsletter explaining the most important #financial news in a language you'll understand 🇮🇳 | Now simplifying #insurance- @joinditto

Joined December 2018
Elon Musk wants to bring the internet from space to India 🛰️ But Jio is already selling broadband for ₹399 a month. Can satellites beat that? 🧵
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6/ Starlink doesn’t need to win the price battle in urban India. Fibre broadband is already dirt cheap here. But laying cables to remote Himalayan villages or isolated islands is wildly expensive 🏔️ That is where satellites make sense.
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7/ In India’s internet race, Starlink may win by going where cables cannot. Will space internet reach off-grid India, or remain an urban luxury? Tell us in the comments 👇 And follow @finshots for more insightful content.
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Bumble built its brand on one rule: she texts first. In August, it dropped it. Now the whole company is being sold. But the rule isn’t why users were leaving. Here's why ➡️
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6/ So is Bumble now just Tinder? On messaging, yes, since Tinder lets either person go first. But Tinder is itself in a turnaround, with payers down 5% to 8.5 million in Q2. What remains is Bumble’s safety work, including its push to criminalize cyber-flashing, which became law through the UK’s Online Safety Act.
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7/ The rule change didn’t cause Bumble’s slide, since the numbers fell first, and it is unlikely to fix it alone. The real test is whether Ithaca can win back paying users the way Hinge is winning them. If Bumble is now just another dating app, what would make you pick it over the others? Let us know in the comments and follow @finshots for more such content!
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A falling rupee is a headache for some and a windfall for others. But why? Here's what you need to know 🧵👇
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8/ The Reserve Bank constantly worries about expensive oil imports eating into our national budget. At the exact same time, export businesses, technology giants, and families receiving overseas salaries quietly enjoy the undeniable financial perks of a weaker currency.
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9/ That leaves us with a question: Does a weaker Rupee actually build a stronger local economy in the long run? Let us know your thoughts and follow @finshots for more such content!
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