Netizens are brutally trolling former IT Minister Ravi Shankar Prasad over a television interview. Social media users say that Ravi Shankar Prasad gave the wrong definition of unicorn while giving a ‘preach’ to Rahul Gandhi. Talking about inflation and unemployment in India, Rahul Gandhi on Friday took a jibe at ‘Startup India’ and said that startups Really kicking people out. “Show me where is Startup India.”
Unicorn means your revenue is $1 billion: Ravi Shankar Prasad
In a television interview, Ravi Shankar Prasad countered Rahul Gandhi and said, “Indian startups are known all over the world. Hundreds of startups have become unicorns. I don’t know whether Rahul Gandhi knows the meaning of unicorn or not.” Then Ravi Shankar Prasad himself explains what is a Unicorn, but sadly he gets it wrong. He says, “Unicorn means, your revenue is $1 billion.”
This video of Ravi Shankar Prasad is going viral on social media. Everyone is making fun of Ravi Shankar Prasad after this video goes viral. People are saying that Ravi Shankar Prasad was considering Rahul Gandhi illiterate, but seeing his knowledge, it seems that he is a student of WhatsApp University.
Former External Affairs Minister, Shashi Tharoor tweeted, “BJP leaders have difficulty in learning the difference between revenue & valuation. Then they preach to @RahulGandhi, who does know the meaning of “unicorn”, unlike those sent to lecture him about it.”
Another Congress leader tweeted and took a jibe at several BJP leaders, saying, “Dumbit Patra doesn’t know how many zeroes are there in a trillion, Piyush Goyal doesn’t know who invented Gravity, Shahnawaz Hussein doesn’t know the difference between cash in hand and cashless, Ravishankar Prasad doesn’t know the meaning of Unicorn and value of $1 billion.”
Congress spokesperson Gaurav Vallabh tweeted, “This gentleman has been the IT and Law Minister of the country for 5 years (2016-21). @rsprasad Ji, UNICORN does not mean your revenue, but your valuation has reached one billion dollars. Now we can understand what would have happened to the IT sector of the country in five years.”
Check out some of the tweets:
What is a unicorn?
Unicorns are the startup whose valuation is $1 Billion, not revenue. Here Ravi Shankar Prasad did not understand the difference between valuation and revenue. In fact, revenue is the income from the total sales of the company and valuation is the amount derived by taking all the assets of that company. A company whose valuation reaches $1 billion is given unicorn status.