BOUNCE

[BullNBear52]

If only I had the nerve to short stocks. Oh well.

Didi shares drop on report China is planning unprecedented penalties
PUBLISHED THU, JUL 22 20218:09 AM EDTUPDATED 17 MIN AGO
Yun Li

KEY POINTS
Bloomberg News reported Chinese regulators are planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid earlier this year.

The penalties could also include suspension of certain operations, delisting or withdrawal of Didi’s U.S. shares, the report said, citing people familiar with the matter.

...Chinese ride-hailing giant Didi came under pressure again on Thursday amid a report that Beijing is considering harsh penalties from a massive fine to even a forced delisting after its IPO last month.

https://www.cnbc.com/2021/07/22/didi-shares-drop-on-report-china-is-planning-unprecedented-penalties.html

Should have asked for permission before going public.