Chinese ride-hailing giant Didi Global said it would continue to operate in Russia, reversing its earlier announcement that it would shut down its business there. In a post on Chinese microblog Weibo, Didi said its Russian operations would not be closed and it would continue to serve drivers and passengers in the country. Earlier this month, Didi had said that it would withdraw from Russia. In...
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SEC Probes Whether SoftBank-Backed Messaging App Misled Investors
The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws, including in the way the startup described its business performance during talks with investors, according to people with knowledge of the situation. The SEC investigation began after The Information reported in May that some IRL employees had expressed concern to...
Plaid Cuts 20% of Staff After Growth Falls Short
U.S. National Security Deal on TikTok Held Up on Security Concerns
Pinterest Adds Elliott Management Executive to its Board
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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
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