RTTNews | Aug 13, 2021 01:06PM EDT

13:05 Friday, August 13, 2021 (RTTNews.com) - China-based ride hailing service provider, Didi Global, Inc (DIDI) has dropped 6% in the market after law firms filed suits about the company's alleged breach of privacy.

Didi went public on June 30 but the Cyberspace Administration of China had asked the company to delay it's initial offering to inspect the company's collection of personal information. The company was not only sanctioned by the Chinese government, but its app was also taken down from the marketplace.

After dropping through July, the shares managed to climb up in the first week of August. The shares have dropped 41% since the listing.

Currently the shares are trading at $8.31, downs $0.51 or 5.73% since their previous close at $8.81. The shares opened at $8.71 in the morning and in the 52-week period, they have ranged between $7.16 and $18.01.

Read the original article on RTTNews ( https://www.rttnews.com/3218808/didi-loses-5-as-firms-file-lawsuits-about-user-information-mishandling.aspx)

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