7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

India's Paytm slides over 10% to all-time low after lock-up period expires

Shares of Paytm slid over 10% Tuesday to an all-time low of 476 Indian rupees ($5.8) before recovering slightly after the lock-up period for early backers of the Indian financial services firm ended last week.

The lock-up period for the company’s earlier backers expired last week, freeing significant investors such as SoftBank Group and Alibaba to sell their shares. SoftBank sold shares worth over $200 million last week.

At 476 Indian rupees, Paytm’s shares are down over 77% from the IPO price of 2,150 ($26.3). The company, which was valued at $16 billion in a private round in 2016, currently has the market cap of $3.8 billion. Paytm raised more than $6 billion across private rounds and IPO (including secondary transactions).

Tech firms have lost significant value this year as the market takes a downturn and reverses much of the gains from the previous 13-year bull run. Paytm is among a number of Indian startups that went public last year. Zomato, PolicyBazaar, Nykaa and Delhivery — some of the other startups that have gone public in the past two years — are all trading considerably below their IPO prices.

Vijay Shekhar Sharma, the founder of Paytm, assured investors last week that the firm is working “on the right path to profitability and free cash flows.”

“Our journey to build a scalable and profitable financial services business has just started.”

The erosion in Paytm’s shares may also have a knock-on effect on the broader fintech startup ecosystem in India. PhonePe, a rival of Paytm, is attempting to raise a round from General Atlantic and Walmart at a $12 billion valuation, according to MoneyControl.

Sharma has said the company is working to make Paytm hit $1 billion in annual revenue by the end of this fiscal year in March.

https://www.tausiinsider.com/indias-paytm-slides-over-10-to-all-time-low-after-lock-up-period-expires-tausi-insider/?feed_id=333308&_unique_id=6477fd06e5860

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