# Professor Aswath Damodaran's remarks on Walmart and Flipkart at the Nordic Business Forum 2018 are featured

1 Faculty News December 4, 2018 ![Bloomberg Quint logo](/sites/default/files/styles/246w/public/assets/images/bloombergquint192x144_0.jpg?itok=PhjNVqwf)>

Excerpt from [Bloomberg Quint](https://www.bloombergquint.com/business/walmarts-flipkart-buy-is-worlds-most-expensive-facelift-says-ashwath-damodaran#gs.8OkR0f4) -- "'Walmart invested in a company which is burning cash over the last 10 years with no end in sight,' Damodaran said in a presentation at the Nordic Business Forum 2018, which was held on Sept. 26-27. 'With such expenditure, Walmart, a retail giant that was founded over 50 years ago, is trying to look young again.'"

[Read more](https://www.bloombergquint.com/business/walmarts-flipkart-buy-is-worlds-most-expensive-facelift-says-ashwath-damodaran#gs.8OkR0f4)