Didi Chuxing’s stock plunged more than 20% in New York Tuesday morning, after China’s government ordered the ride-hailing giant’s app to be removed from app stores. It’s unclear what will happen to Didi next. While grappling with Beijing’s crackdown, Didi, whose initial public offering last week raised $4.4 billion, also faces investors’ questions about whether the company’s management pushed...
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Who Else Will FTX Founder Rescue?

Has there ever been a more aptly named entrepreneur than Sam Bankman-Fried? Not only is his FTX turning out to be a lender of last resort for crypto lenders such as BlockFi and Voyager Digital, both of which are caught up in a chain reaction of missed margin calls triggered by the crypto slide, but it could also emerge as a savior for Robinhood. That at least is according to this Bloomberg...
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