My Investing Muse

$DiDi Global Inc.(DIDI)$  made the following announcement to delist their stock from the US stock exchange on 2nd Dec 2021. DIDI announcement 02 Dec 21 BEIJING--(BUSINESS WIRE)-- DiDi Global Inc. (the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange,  while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders . The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also  authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchan...

If we are not paying, we are not the customers. In the world of social media, we are known as users. When we log in, we log in with our user ID, not a customer ID.   We, the users are the commodity of social media.   Our usage and social media data are “sold” by social media companies - to companies who used targeted ads to sell their products and services to us. Key issues that concern the Chinese authorities are monopolistic practice and mishandling of user data. Didi said in a statement that having its app removed “may have an adverse impact on its revenue in China.“It promised to fix any problems, “protect users’ privacy and data security, and continue to provide secure and convenient services to its users.” As these practices are corrected, users can feel safer about their personal data - a positive move in the long run. As for  $DiDi Global Inc.(DIDI)$ , we can expect them to be back in business  once  they have adequately addressed the concerns of the aut...