#China’s cyber-watchdog sends authorities to Didi as it amps up probe

#China’s cyber-watchdog sends authorities to Didi as it amps up probe

“#China’s cyber-watchdog sends authorities to Didi as it amps up probe” China’s cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of Didi’s handling of customer information caused the company’s New York-traded shares to tumble. The on-site inspection comes two weeks after the regulator said it…

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#Instacart taps Facebook app head as CEO ahead of expected IPO

#Instacart taps Facebook app head as CEO ahead of expected IPO

“#Instacart taps Facebook app head as CEO ahead of expected IPO” Instacart named Facebook app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the grocery-delivery firm. French-born Simo will replace co-founder Apoorva Mehta, who will take on the role of executive chairman…

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#Robinhood IPO faces threat of retail snub on Reddit

#Robinhood IPO faces threat of retail snub on Reddit

“#Robinhood IPO faces threat of retail snub on Reddit” Online brokerage Robinhood, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering. Many individual investors are planning to shun the stock market debut,…

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#Chobani confidentially files for IPO, valuation may exceed B

#Chobani confidentially files for IPO, valuation may exceed $10B

“#Chobani confidentially files for IPO, valuation may exceed $10B” Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering, a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past…

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# Robinhood’s cash cow under SEC scrutiny amid IPO filing

# Robinhood’s cash cow under SEC scrutiny amid IPO filing

“# Robinhood’s cash cow under SEC scrutiny amid IPO filing ” Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers. Brokers like Robinhood often use the practice to offset…

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