|Bid||21.25 x 900|
|Ask||21.30 x 1800|
|Day's range||20.44 - 21.36|
|52-week range||19.90 - 52.03|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||N/A|
|Earnings date||02 Aug 2022 - 08 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||49.50|
There have been two distinct waves of tech layoffs amid COVID-19, according to Layoffs.fyi creator Roger Lee.
Uber’s investment in Chinese ride-hailing company Didi has outlived its usefulness. Didi’s share price may have jumped nearly 50 per cent this month following reports that a Chinese government probe is coming to an end. In 2016 Uber sold its Chinese operations to Didi in return for an 18.8 per cent stake — a deal valued at about $7bn at the time.
(Bloomberg) -- It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc., dressed entirely in black, told his lieutenants to slash spending by a fifth in 2022 and begin layoffs after staff return from Lunar New Year vacations. He delivered his bombshell flanked by a giant Powerpoint slide that read: “Don’t live with illusions. Face reality.”Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’