The House Foreign Affairs Committee voted to approve a bill that would give President Joe Biden the power to ban TikTok, Reuters and other news outlets reported. It remains unclear whether the bill will become law, as the legislation still needs to pass the House as a whole and pass the Senate before it can go to Biden for aproval. But the committee’s support for the bill is the latest...
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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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