We hand over our data to people on a whim. Now you could argue that privacy is a myth. Well, the most damning allegation is this - Truecaller doesn’t care about your privacy if you’re in India. So this report does hold some value especially when you consider that Viceroy has previously lifted the lid on the €2 Billion accounting scandal at Wirecard.Īnd with that introduction out of the way, let’s ask the big question - What does the report actually contain? But the company earns over 70% of its revenues from India and the report features Truecaller’s many indiscretions committed within our borders. It’s actually listed on the Nasdaq Stockholm Exchange. In a scathing report headlined ‘Truecaller’s True Colors’, they’ve taken down the company’s business model bit by bit. And their end objective is to find dodgy companies with suspect financials and make money off of betting against the stock. They’re a research company putting out reports on publicly traded companies. And since India has the dubious distinction of being the spam capital of Asia, Truecaller has been a lifesaver.īut not everybody is convinced that Truecaller is a benign enterprise trying to rid India of spam calls. It helps you deal with spam calls - weeds out folks who sell you credit cards, insurance policies and trading accounts. If you’re already a subscriber or you’re reading this on the app, you can just go ahead and read the story. In today’s Finshots, we explain why an investigative financial research group thinks that Truecaller is invading the privacy of Indiansīut before we get to today’s story, if you’re someone who loves to keep tabs on what’s going on in the world of business and finance - why aren’t you subscribed yet? We’ll send you this newsletter every morning with crisp financial insights straight to your inbox.
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