Lockup

Shares of Paytm slid over 10% Tuesday to an all-time low of 476 Indian rupees ($5.8) before recovering slightly after the lock-up period for early backers of the Indian financial services firm ended last week. The lock-up period for the company’s earlier backers expired on November 15, freeing significant investors such as SoftBank Group and Alibaba to sell their shares. SoftBank sold shares worth over $200 million last week. (Indian law requires pre-IPO investors to hold the shares post-listing…

By Rebecca Feng and Jing YangJune 30, 2022 6:32 am ETSenseTimeGroup Inc. shares fell by nearly half, erasing nearly $12 billion in market value, as some investors in the Chinese artificial-intelligence company rushed for the door after a six-month lockup period ended.The AI specialist had pushed ahead with a Hong Kong listing in December, despite being added to a U.S. investment blacklist. To do that, it had leaned on a few major investors who had promised not to sell for six months—a commitment that ended Wednesday,…

If you own a Brompton folding electric bicycle sold between May 2019 and March 2022 you should stop riding it immediately. According to the Consumer Product Safety Commission (CPSC) agency in the US, ten owners of Brompton e-bikes have reported objects getting trapped between the mudguard and front tire causing the wheel to lockup and crash. So far, this has resulted in two hospitalizations and nine injuries including “head and facial impact, broken bones, shoulder dislocation, bruising, and chipped teeth.” Owners of…

BuzzFeed’s market capitalization has now shrunk by more than three-quarters since its trading debut in December last year. Photo: Bennett Raglin/Getty Images…