Why DiDi Global Got Crushed on Thursday

why didi global got crushed on thursday

Sumary of Why DiDi Global Got Crushed on Thursday:

  • What happened The largest ridesharing company on the planet, China’s DiDi Global (NYSE:DIDI), saw its stock price shrivel by more than 11% on Thursday.
  • So what That article, crediting “people familiar with the matter,” reports that Chinese authorities are mulling the imposition of significant penalties on DiDi.
  • Possibilities include financial penalties, the mandatory entry of the state as an investor, a delisting of the company’s New York Stock Exchange-listed shares, and the suspension of some operations.

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