Didi & Donuts
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 6 July 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
Shares of Didi fall 15% after the Chinese government stops new users from downloading the ride-hailing app as it conducts a cybersecurity review. Krispy Kreme doesn’t raise as much money as it hoped with its IPO. Jason Moser analyzes those stories, discusses the challenge of adding to your winners, and shares why he believes inflation may not be as transitory as once thought.
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Transcript
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| 0:00.0 | It's Tuesday, July 6th. |
| 0:04.2 | Welcome to Market Foolery. |
| 0:05.5 | I'm Chris Hill with me on a Tuesday, sorry for the confusion. |
| 0:09.4 | It's Jason Moser. |
| 0:10.4 | Thanks for being here. |
| 0:11.4 | I just love to throw everything into chaos, Chris, every once in a while. |
| 0:14.2 | You just got to keep people on their toes, right? |
| 0:16.3 | Absolutely. |
| 0:17.3 | Absolutely. |
| 0:18.3 | We don't want people getting complacent. |
| 0:20.6 | We're going to talk about the challenge of adding to your winners, but we're going |
| 0:23.5 | to begin today with a couple of very recent IPOs. |
| 0:27.3 | The first up is Didi, the Chinese ride hailing app when public last week, I would say there |
| 0:35.5 | was a decent amount of fanfare when Didi went public. |
| 0:38.4 | The market cap was somewhere in the neighborhood of $65 billion. |
| 0:42.9 | That was then this is now because shares of Didi are falling 15% this morning because |
| 0:48.7 | late on Friday, the Chinese government announced that new users would not be able to download |
| 0:54.6 | the app while the government conducts a cybersecurity review of Didi and I'll just add |
| 1:01.0 | that the Wall Street Journal had a report that regulators had advised Didi to postpone |
| 1:05.5 | its listing in the US until the cybersecurity review had happened. |
| 1:14.1 | And here we are. |
| 1:15.4 | Here we are with one fell swoop by the Chinese government and billions of dollars in Didi's |
... |
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