Didi's 44% stock plunge leaves SoftBank and Uber with diminishing returns - CNBC

3/11/2022 12:00:00 AM3 years 1 month ago
by Jordan Novet
by Jordan Novet
SoftBank and Uber have seen their Didi shares plummet in value already, and now they're sinking further on a potential threat from Chinese regulators.
Didi shares tumbled 44% on Friday, the biggest one-day drop since the Chinese ride-hailing company went public in the U.S. in June. The stock is now 87% below its IPO price, leaving its two top shar… [+2123 chars]
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