Mexico’s confidence-killing reforms

The proposed disappearance of independent regulators is a step into the unknown.

In 2020, Oskar Hjertonsson the founder of a Chilean-Mexican startup called Cornershop threw a bucket of cold water on his excited shareholders. A few weeks prior, Uber had offered to acquire the company for $3 billion dollars. One of the biggest investment exits in Latin America’s tech startup history. There was only one thing missing; approval from the government.