#China investigates Didi over cybersecurity days after huge IPO

#China investigates Didi over cybersecurity days after huge IPO

“#China investigates Didi over cybersecurity days after huge IPO” Didi Global’s shares fell more than 10 percent in New York on Friday after China’s cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was…

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#Robinhood files for IPO amid blockbuster pandemic growth

#Robinhood files for IPO amid blockbuster pandemic growth

“#Robinhood files for IPO amid blockbuster pandemic growth” No-fee trading app Robinhood revealed a massive $80 billion in customer assets amid blockbuster pandemic growth as it filed for its highly anticipated initial public offering on Thursday. In an S-1 filing with the Securities and Exchange Commission, the controversial app said it plans to trade under…

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#BuzzFeed to become a publicly traded company through SPAC

#BuzzFeed to become a publicly traded company through SPAC

“#BuzzFeed to become a publicly traded company through SPAC” BuzzFeed will become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company. The company, founded by Jonah Peretti in 2006 and initially known for listicles and online quizzes, has established itself as a serious contender…

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#Vivendi shareholders back spinoff of Universal Music Group

#Vivendi shareholders back spinoff of Universal Music Group

“#Vivendi shareholders back spinoff of Universal Music Group” Vivendi shareholders overwhelmingly backed the spinoff of its lucrative Universal Music Group, home to recording artists like Taylor Swift, Lady Gaga and Ed Sheeran. With more than 99 percent approval, shareholders on Tuesday voted in favor of the plan to distribute 60 percent of UMG’s shares to…

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