Uber plans to sell 8% of its $6.2 billion stake in Chinese ride hailing giant Didi Chuxing by the end of this quarter, the company revealed in its fourth quarter earnings. Uber said it has sold $207 million worth of Didi shares and has a deal to sell another $293 million by the end of the quarter. Uber valued its 15% stake in Didi, which it received for selling its Chinese business to Didi...
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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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