Blog · 25 Oct 2026
The eMudhra Fiasco, Jio Platforms public listing, and more…
In this week’s wrapup, we discuss the Jio Platforms IPO, why wealth taxes keep failing, why dating apps struggle to find a match with investors, and an…
In this week’s wrapup, we discuss the Jio Platforms IPO, why wealth taxes keep failing, why dating apps struggle to find a match with investors, and an explainer on the eMudhra fiasco.A few more things about the Jio Platforms IPOThe Jio Platforms IPO opened for subscription this week and closed yesterday.
We did an explainer on it in an earlier story here. But since there was plenty of buzz around it, we also wanted to look at a few more things beyond the hype.So, in Monday’s newsletter, we explored a few things worth paying attention to. To begin with, Jio’s dependence on Reliance Retail to distribute its prepaid plans. Next, its cash generation, which looks impressive but hasn’t translated into profit growth at the same pace.
And finally, we looked at the big question of valuation.So, is Jio’s IPO a bargain, or are investors paying for a future that hasn’t arrived yet? Find out in our full story here.Why do wealth taxes keep failing?Imagine taxing the world’s richest person just 0.1% of their wealth. Currently, that is Elon Musk, with a net worth of about $936 billion.