Binance, the world’s bigget cryptocurrency exchange by trading volume, has announced it will drop plans to set up an exchange in Singapore. Singapore has a relatively welcoming legal regime for cryptocurrencies but only a handful of exchanges have been licensed. The move also halts speculation that the company would set up its headquarters in Singapore, where founder Changpeng Zhao has...
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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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