Shares of Chinese ride-hailing giant Didi Global jumped 19% in early trading on the New York Stock Exchange, to a little below $17, valuing the company at $85 billion. But by day’s end the stock had come back and it ended up closing up just at $14.14, up 1% from its IPO price. Earlier, Didi had confirmed it raised $4.4 billion in a U.S. initial public offering, implying a valuation of about...
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Cloudflare Complaint Pinpoints Amazon’s Antitrust Weak Spot
Today’s blog post from top executives at Cloudflare blasting Amazon Web Services for the “egregious” fees it charges customers who move their data out of AWS’ servers raises an interesting question. Could the most fertile ground for pursuing antitrust action against Amazon lie in its cloud business, not the ecommerce business that gets all the attention from business media and politicians?...
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