- DiDi Global Inc (NYSE:DIDI) will remove 25 apps for violating PRC’s Cybersecurity Law.
- On Friday, Cyberspace Administration of China confirmed that 25 apps operated by DiDi, including the apps used by users and drivers, had the problem of collecting personal information.
- China’s Uber Technologies Inc (NYSE:UBER) equivalent estimates this move to affect its revenue in China.
- DiDi recently lowered its U.S. initial public offering valuation amid China’s growing tech crackdown.
- Price action: DIDI shares traded lower by 3.16% at $11.65 in the premarket session on the last check Monday.
Bank of America to $51? Plus Mizuho Predicts $6 For This Stock
Barclays reduced Bank of America Corporation (NYSE: BAC) price target from $58 to $51. Bank of America shares rose 0.7% to $32.49 in pre-market trading.
