The information contained herein (the “Information”) may not be reproduced or disseminated in whole or in part without prior written permission from the Company. The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared based on publicly available information, internally developed data and other sources believed to be reliable. The directors, employees, affiliates or representatives (“Entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, reliability and is not responsible for any errors or omissions or for the results obtained from the use of such information. Readers are advised to rely on their own analysis, interpretations & investigations. Certain statements made in this presentation may not be based on historical information or facts and may be forward looking statements including those relating to general business plans and strategy, future financial condition and growth prospects, and future developments in industries and competitive and regulatory environments. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, they do involve several assumptions, risks, and uncertainties. Readers are also advised to seek independent professional advice to arrive at an informed investment decision. Entities & their affiliates including persons involved in the preparation or issuance of this document shall not be liable in any way for direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of the lost profits arising from the information contained in this material. Readers alone shall be fully responsible for any decision taken based on this document.
Copyright © 2022 Fintso

Meta laid off 11,000 employees (or 13% of its workforce) amid falling revenues from advertising and e-commerce. The company is also considering other cost-cutting measures and might close a few offices. Investors have shown apprehension towards the company’s focus on creating a metaverse at the expense of the rest of the business. This can be reflected in the total market capitalisation of the company, which has fallen from $1 tn in September 2021 to now around $270 bn.

Not just Meta, most other Tech companies in the US are trimming staff and have halted hiring. Many of these tech companies went on a hiring

spree during the pandemic. A risk of global recession, exacerbated by the Russia-Ukraine war and inflation, has increased pressure on the tech industry. Also, these companies face pressure on the back of higher interest rates, sluggish consumer spending and a strong dollar.

Even as the economy slows, the labour market has rapidly recovered. Employers added 261,000 jobs in October, beating economists’ predictions. Several economists noted that layoffs at these tech companies could be relatively self-contained events, related more to their own corporate restructurings than the overall economic outlook

The year 2022 has been a difficult one for cryptocurrency investors across the world. After witnessing a sharp fall in the price of most cryptocurrencies, the global cryptocurrency market is shaken by the looming collapse of FTX. A leaked balance sheet from FTX’s sister company, a crypto trading firm named Alameda Research reported that 40% of its asset were held in FTX’s own crypto token (FTT). Such high exposure led to questions on financial stability and governance. The once biggest crypto exchange (FTX) faced a liquidity crunch after customers started a bank run to

withdraw money from their accounts. FTX turned to Binance, an arch-rival, to bail them out. Initially, Binance agreed to take over FTX, but then pulled out of the deal, citing reports that FTX had mishandled customer funds and was being investigated by the authorities. This event led to a sharp fall in the prices of some of the major cryptocurrencies. Bitcoin fell below $16,000, its lowest level in two years.



The US market jumped sharply after the consumer price inflation data in the US was lower than expected. Market participants saw that as the topping of the interest rate cycle. There is hope that the intensity of the rate hikes will slow as inflation peaks. However, the US Fed is unlikely to hint at any lowering of the guard until the inflation falls below the acceptable rate of around 2% or below. Also, the Fed officials believe they will have to hold higher interest rates for some time. With the US market witnessing heightened volatility through much of 2022, investors could find it an attractive investment proposition from a valuation perspective.

Indian equities have shown resilience during the year so far. While the sentiment is optimistic about the Indian market, midcaps continue to underperform. Given the run-up in equities compared to most other major markets, the expensive valuation of Indian equities could prompt foreigners to pull money out of India and move to cheaper markets. Also, for Q2FY23, the quarterly results have been a mixed bag. In the near term, markets could be volatile. Thereby, investors can choose large caps over midcaps to minimise the downside risk in their portfolios.

From a long-term perspective, there is a global consensus that India will continue to grow faster than any other major economy. Domestic demand and consumption would drive India’s growth. The limited dependency of Indian businesses on global supply chains or exports makes India an attractive destination. At the same time, the China + 1 strategy of multinational corporations is likely to help India increase manufacturing activity

The information contained herein (the “Information”) may not be reproduced or disseminated in whole or in part without prior written permission from the Company. The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared based on publicly available information, internally developed data and other sources believed to be reliable. The directors, employees, affiliates or representatives (“Entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, reliability and is not responsible for any errors or omissions or for the results obtained from the use of such information. Readers are advised to rely on their own analysis, interpretations & investigations. Certain statements made in this presentation may not be based on historical information or facts and may be forward looking statements including those relating to general business plans and strategy, future financial condition and growth prospects, and future developments in industries and competitive and regulatory environments. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, they do involve several assumptions, risks, and uncertainties. Readers are also advised to seek independent professional advice to arrive at an informed investment decision. Entities & their affiliates including persons involved in the preparation or issuance of this document shall not be liable in any way for direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of the lost profits arising from the information contained in this material. Readers alone shall be fully responsible for any decision taken based on this document.
Copyright © 2021 Fintso