Stock in newly public Didi Global (NYSE: DIDI) came crashing down Tuesday morning following a ban on its app by China amid continuing questions about the company’s business practices.
Didi stock was down more than 25% in premarket trading Tuesday before recovering slightly as the morning went on, although it was still off more than 23% in midmorning trading at $12.07 per share. The Chinese ride-hailing giant went public on Thursday at $14 per share, climbing as high as $18 per share on its...
https://www.freightwaves.com/news/didi-stock-crashes-after-china-bans-downloads-of-app