Chinese ride-hailing giant Didi Chuxing plans to raise as much as $4 billion in its U.S. initial public offering at a valuation of up to $67 billion, according to the company’s filings. Didi’s targeted valuation is less than the $70 billion-plus price tag many bankers had previously expected. The Chinese company said in the filing that it expects its IPO price to be between $13 and $14 per...
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What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
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