The war of words between Flipkart and Snapdeal costs 4.2 billion to Flipkart

Flipkart and Snapdeal are corporate rivals and last week their fight got spilled all over twitter when Flipkart co-founder Sachin Bansal tweeted a comment to receive one in return from Sanpdeal co-founder Kunal Bahl. The twiterrati went into overdrive on witnessing the battle of words. The competitors were lashing at each other on the performance of their websites. With e-commerce always undergoing upheavals this latest spat caught everyone’s attention.

[su_expand more_text=”READ MORE” less_text=” ” height=”0″ hide_less=”yes” link_style=”button” link_align=”center”] Alibaba the Chinese e-commerce giant had stakes in Snapdeal and Paytm. Finally, this year they decided to enter the Indian market independently, making the business world speculate. And doing so openly, Bansal tweeted, “Alibaba deciding to start operations directly shows how badly their India investments have done so far.”, he was referring obviously to the two websites. This comment was not to go down that easily, in its reply, Bahl retorted, “Didn’t Morgan Stanley just flush $5 billion worth market cap in Flipkart down the…”, followed by a toilet emoticon. “Focus on your business, not commentary,” Bahl tweeted. His comment come on the back of Wall Street powerhouse Morgan Stanley recently marked down Flipkart shares by 27%, bringing down the country’s most valuable privately held tech firm’s its valuation to around $11 billion from $15.2 billion.

This is not the first time that two business rivals went head on to take each other down even outside their work. There has been a show of power and healthy competition since Ambani and Wadia and way before them as well.


Source: TOI


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