It’s not just Uber that’s facing trouble. According to a report by Sanford C. Bernstein cited by Bloomberg, Chinese consumers are using ride hailing apps much less than before. Bloomberg said total daily active usage of ride-hailing apps has declined for five quarters in a row. Signs of declining use of ride-hailing apps could spell problems for Didi Chuxing, another of SoftBank’s high-profile...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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