In the list of widely used things in today’s time, online money transaction and memes come on top. As the gen-z rules go, memes do not spare anything at all. Be it the UPSC Mains 2021 Essay paper meme flood, or memes on Paytm shares dropping to all time low, one can find these memes rounding the internet faster than supposed hellfire.

These memes are spreading under #Paytm on Twitter. In one tweet, the user says that if the shares keep dropping at this rate, he might end up buying Paytm. Another tweet mocks Paytm CEO with Bollywood film No Entry’s famous dialogue “Thoda neeche thoda neeche bolke kitna neeche leke aagaya”.

In another tweet, a meme template from Bollywood film Gangs of Wasseypur that says “Aur kitna beijjat karoge beta”, meaning how much more will you embarrass me, son?

On Monday, January 10, 2022, shares of Paytm dropped to all time low to Rs 1,115 ($15.6). This is the lowest the company shares have gone since its debut in November. As the shares of Paytm parent One97 Communications also saw a striking fall, it has been predicted by Macquarie Securities India that the future earnings growth of the company might be worse than the previous forecast.

Read Also: Paytm: Here’s how to make digital payment without internet connection from Android, iPhone

This is actually not the first time that One97 Communications and Paytm’s stocks have seen such a downfall. From a high of Rs 1,955 on November 18, 2021, the stocks fell down more than 38 per cent. This was surely one hell of a debt on Debut Street.

Due to decreasing distribution and cloud income, which has only partially been offset by increasing sales from payment operations, the brokerage cut its revenue projection for Paytm by 10% each year through 2025-26. According to Macquarie, Paytm’s revenue in the next five years will grow at 23 per cent, instead of 26 per cent.  

The post Paytm stock hits all-time low, memes soar high, users say bulati hai magar jaane ka nahi, check here appeared first on APN News.