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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The Weekend Crypto Policy
The Information Weekend Does Wyoming, Featuring the Tech Transplant’s Guide to Cowboy Living, an Intro to Crypto’s Favorite Senator, and a Glimpse of the Great DAO Land Grab
Hi, welcome to your Weekend: Special Wyoming Edition!Why devote a whole issue to Wyoming, you ask? Because the smallest state in the union has been been playing an outsized role in tech lately, writing laws that encourage the growth of cryptocurrencies, DAOs, and other instruments that are at the forefront of Silicon Valley innovation right now. Forget Miami and Austin; crypto companies like...
States Appeal Loss of Antitrust Case Against Facebook
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