TikTok confirmed that it plans to sue the Trump administration to block an executive order banning the popular Chinese-owned app that lets users share and create short videos. TikTok said it had been deprived of due process by President Trump’s moves to ban the app and force a sale to a U.S. owner. “Even though we strongly disagree with the administration’s concerns, for nearly a year we have...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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