Data Is The New Oil (But Bits And Bytes Can’t Fill Your Tank)

American shale fracking technology, and to a lesser extent Canadian oil sands, enabled easy access to billions of barrels of reserves and ushered in a new “era of energy abundance” driven by way too many producers producing – or capable of producing – way too many molecules. The result was a “no moat” energy sector, margins got clobbered, and energy stocks got hammered. Today, the global oil and gas industry is beholden to state controlled energy companies (Saudi Arabia, Russia, etc.) to withhold millions of barrels of spare production capacity off the market simply to achieve WTI=$40/bbl. Meanwhile, technology companies have flourished as smartphones and CPUs/GPUs continue to evolve to higher levels of sophistication and performance, while emerging technologies like 5G, the cloud, AI, and the IoT (internet-of-things) have become reality. E-commerce and many other technology trends have been pulled forward and accelerated by COVID-19 and the WFH and SFH

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Indian start-up ShareChat is one of many looking to fill the vacuum left by TikTok ban

  • ShareChat, a Twitter-backed Indian social media platform that caters to users in 15 regional languages, launched a short-video sharing app just days after New Delhi banned TikTok.
  • The app, Moj, now has more than 80 million monthly active users who spend on average 34 minutes on the platform, the company said. 
  • The TikTok ban left a vacuum that local start-ups are moving in to fill. 



a close up of a person wearing a mask: A girl wearing a protective mask depicting the TikTok logo poses for a picture in Mumbai, India, July 1, 2020.


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A girl wearing a protective mask depicting the TikTok logo poses for a picture in Mumbai, India, July 1, 2020.

SINGAPORE — India’s ban of the popular short-video sharing app TikTok has left a vacuum that local start-ups are moving in to fill. 

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One of those start-ups is ShareChat, a Twitter-backed Indian social media platform that caters to users in 15 regional languages.

Citing national security concerns, New Delhi announced the ban on TikTok, which is owned by Beijing-based

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