The bold and the bankrupt

Do you remember when we wrote that whole article about Zomato and its adjusted EBITDA after their results? It's only fair that we give some attention to other companies too, right? I mean, have you heard about all these banking disasters going on in different countries? Like, seriously, even big players like Silicon Valley Bank, Signature Bank, and Credit Suisse are all struggling. Can you believe that if you had invested Rs 1,000 in Credit Suisse in March 2018, you'd only have Rs 117 now? That's an 88% loss! It's crazy to think that banks are supposed to be the foundation of a country's economy, but they're the ones always needing bailouts. We talked so much crap about Indian banks, but at least they haven't crashed as bad as these ones (knock on wood).

This article was originally published on March 17, 2023.