Warren Buffet Bets on This Indian Unicorn & Elon Musk is Over His Dream of Taking Tesla Private: 4 Things to Know Today
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1. Paytm is on the way to become a decacorn, courtesy Warren Buffett. The legendary entrepreneur's holdings Berkshire Hathaway is reportedly planning to invest $300-350 million in the Paytm for a 3 to 4 per cent stake.
2. Elon Musk is over his dreams of taking Tesla private. Falling share prices, unhappy investors and unanticipated criticism has reportedly contributed to the billionaire CEO's decision of keeping his car company public.
3. In the other investment news, Amazon plans to pay big bucks to enter Indian retail. The global e-commerce giant might invest around $700 million for a 12 to 15 per cent stake Kishore Biyani's Future Group.
4. Looking to reconnect with your college buddies? Instagram is your destination. The photo-sharing app is testing a feature designed to bring college students from same university together in a virtual community.
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