Isn't that what every early stage SV company does? Spend investor money to acqui... | Hacker News

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		kumarvvr on Aug 6, 2020 \| parent \| context \| favorite \| on: What is Jio, and why are tech’s biggest players su... Isn't that what every early stage SV company does? Spend investor money to acquire and engage audience?

vijaybritto on Aug 6, 2020 [–]

Yes and 99% of them go bankrupt when unable to return profits

spaceman_2020 on Aug 6, 2020 | [–]

Except Jio's parent company is an extremely profitable entity in a sector with certain demand and deep rooted relationships with the government

vijaybritto on Aug 6, 2020 | | [–]

Yes Cronyism will help them for sure. Lets see

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