Recently IPO’d Chinese-ride share app DiDi was banned from China’s app store shortly after its IPO. China’s cybersecurity agency banned it after privacy concerns, which the government failed to recognize the irony of.
DiDi To Remain Banned In China Until It Addresses Security Concerns
“The Chinese government does not condone non-state sanctioned spying of its citizens. Until DiDi addresses privacy and security concerns it’ll remain banned in the app store,” said Suk mi Dik Minister of Cybersecurity in China.
It took decades for Warren Buffett to build Berkshire Hathaway into the conglomerate it is today. Along the way, the Oracle of Omaha and his business partners have acquired a range of different companies and extracted cash from failing businesses to reinvest back into growth stocks. Q2 2021 hedge fund letters, conferences and more The Read More
“This is an incredible win for Uber. Acquire as many shares of Uber as you can,” Mad Money host Jim Cramer said. “At the end of the day red white and blue American technology will always prosper in the end,” he added.
This post first appeared on The Stonk Market
Disclaimer: This is a satirical article.