Why Shares of DiDi Global Are Falling Today
Shares of the Chinese ride-hailing company DiDi Global (NYSE: DIDI) traded more than 13% lower as of 10:11 a.m. ET today after the company announced earnings results for the fourth quarter of 2021. DiDi also announced that it would hold a vote among shareholders on May 23 for potential delisting from the New York Stock Exchange. Shares had been down nearly 27% in premarket trading.
In the fourth quarter of 2021, DiDi reported a net loss equivalent to roughly $60 million attributed to ordinary shareholders. Total revenue came in equivalent to $6.4 billion, down about 12.7% from the fourth quarter of 2020.
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Source Fool.com
