Smartphone shipments in India increased 8% in the third quarter to an all-time record of 50 million units, research firm Canalys said. The rebound came after a 47% decline in shipments in the second quarter, when severe lockdowns caused by the coronavirus pandemic hurt both production and demand. India is a major battleground for Samsung and Chinese competitors making inexpensive Android...
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The Coming Wave of Cram Downs

What do Good Eggs, a startup that delivers $4.99 broccoli bunches, and Tonal, a fitness startup that sells $3,995 exercise equipment, have in common—other than a business model subsidized by venture capital? They’re both engaged in a painful type of financing known as a “cram down.” If you grew up in the era of easy money, ultralow interest rates and 100 times multiples, it’s possible you’...
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