👀Oyo Founder Seeks New Investment at $3.8B Valuation Ritesh Agarwal, Oyo’s founder, plans to invest $65.1M into the company through Redsprig Innovation Partners, valuing it at $3.8B – 38% higher than its June valuation of $2.3B but far below its 2019 peak of $10B. This comes as Oyo prepares for a third IPO attempt.
👀Oyo Founder Seeks New Investment at $3.8B Valuation Ritesh Agarwal, Oyo’s founder, plans to invest $65.1M into the company through Redsprig Innovation Partners, valuing it at $3.8B – 38% higher than its June valuation of $2.3B but far below its 2019 peak of $10B. This comes as Oyo prepares for a third IPO attempt.
In view of this, the regulator has cautioned investors not to rely on such investment tips / advice received through social media platforms. It has also said investors should exercise utmost caution while taking investment decisions while dealing in the securities market. The message was not authentic, with the real Zelenskiy soon denying the claim on his official Telegram channel, but the incident highlighted a major problem: disinformation quickly spreads unchecked on the encrypted app. Official government accounts have also spread fake fact checks. An official Twitter account for the Russia diplomatic mission in Geneva shared a fake debunking video claiming without evidence that "Western and Ukrainian media are creating thousands of fake news on Russia every day." The video, which has amassed almost 30,000 views, offered a "how-to" spot misinformation. Multiple pro-Kremlin media figures circulated the post's false claims, including prominent Russian journalist Vladimir Soloviev and the state-controlled Russian outlet RT, according to the DFR Lab's report. Such instructions could actually endanger people — citizens receive air strike warnings via smartphone alerts.
from tw
