Edition 74 of my email newsletter went out to subscribers yesterday. It’s pasted in below.
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Hi friends, thanks for reading Newley’s Notes, a weekly newsletter where I share my stories and links to items that catch my eye.
WHAT I WROTE IN THE WSJ
Morgan Stanley Fund Cuts Valuation of Its Holding in India’s Flipkart. The story begins:
A Morgan Stanley investment fund has reduced the valuation of its holding in Flipkart Internet Pvt. by 38%, as India’s leading e-commerce firm faces increased competition from U.S. rival Amazon.com Inc. and others.
In a U.S. regulatory filing this week, the Morgan Stanley Select Dimensions Investment Series fund said for the quarter ended Sept. 30, it held 1,969 Flipkart shares, which it valued at $102,644, or $52.13 a share.
Meanwhile, on a separate topic, a colleague and I recorded a Facebook Live video on India’s “demonetization,” the government’s move to eliminate its biggest-denomination bills. Watch it on the WSJ Facebook page here; the video has been viewed more than 65,000 times.
WHAT I WROTE AT NEWLEY.COM
FIVE ITEMS THAT ARE WORTH YOUR TIME THIS WEEK:
1) Can a lowly reporter become an Instagram star? Bloomberg’s Max Chafkin embarked on a humorous quest to become an “influencer,” commanding cash for his posts:
The plan, which I worked out with my editor and a slightly confused Bloomberg Businessweek lawyer, was this: With Saynt’s company advising me, I would go undercover for a month, attempting to turn my schlubby @mchafkin profile into that of a full-fledged influencer. I would do everything possible within legal bounds to amass as many followers as I could. My niche would be men’s fashion, a fast-growing category in which I clearly had no experience. The ultimate goal: to persuade someone, somewhere, to pay me cash money for my influence.
2) People are really into boring video games in which they drive tractors and trucks. A look at why people play games with titles like “Farming Simulator 17” and “American Truck Simulator.”
3) Meta-list: Best Books of 2016. Jason Kottke has a round-up of the year’s top releases.
4) The 100 best albums of 2016. A list compiled by music writer Ted Gioia.
5) The story behind Chapecoense’s tragic final flight. This heartbreaking WSJ story explains how the Brazilian championship contenders came to be flying on the charter plane headed to Colombia, and why it went down.
Thanks for reading.
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- By Me and a Colleague Yesterday: Morgan Stanley Fund Cuts Valuation of its Flipkart Holding
- By Me Yesterday: Microsoft, eBay, Tencent Pour $1.4 Billion into India’s Flipkart
- This Week’s Newley’s Notes, Turkey Day Edition: Amazon Killing it in India; Trump and Visas; Nature vs. Instagrammers
- Newley’s Notes 82: H1-Bs, Tim Cook on India, Filter Bubbles, Caffeine Bracelets
- By Me on Friday: How Amazon Has Taken India by Storm