Why DiDi Global Stock Is Plummeting Again Today
Shares of DiDi Global (NYSE: DIDI), a China-based ride-sharing company, fell again today on worries that the Chinese government could significantly penalize the company for its recent U.S. IPO.
The tech stock was down by 18.8% as of 11:51 a.m. EDT.
Bloomberg News reported yesterday that the Chinese government was considering "unprecedented" penalties against DiDi. Those penalties may include anything from a fine to suspension of its operations, or even delisting.
Source Fool.com
