Yesterday, China ordered ride-hailing company Didi to stop signing up new customers after regulators announced a cybersecurity review of the company’s operations.
As of this writing, Didi’s stock price is down 5.3%. In today’s edition of The Exchange, Alex Wilhelm suggested that the move wasn’t a complete surprise, but it still “puts a bad taste in our mouths,” since the company went public days ago.
Full Extra Crunch articles are only available to members.Use discount code ECFriday to save 20% off a one- or two-year subscription.
When Didi filed to go public, it listed several potential pitfalls …
