US Regulators Asks Facebook To Divest Instagram And Whatsapp To Gain Market Confidence
On 09 December 2020, the Federal Trade Commission and state attorneys general attacked Facebook for its two acquisitions Instagram and WhatApp. The acquisitions intended to provide people a better product.
Doordash Share Price Set At $102, Becomes Third-Largest American IPO In 2020
According to media reports, DoorDash Inc (NASDAQ:DASH), an American on-demand prepared food delivery service, is the third-largest American Initial Public Offering (IPO) this year. The value of DoorDash has more than doubled since June when the Company raised $400 million at a valuation of $16 billion.
Brazil Holds Interest Rate At Record Low At 2.00% The Central Bank of Brazil held its benchmark interest rate at a record low of two percent on 9 December 2020.
Though, there has been an upsurge in inflation recently, the authority prioritised the reviving of pandemic-hit economy rather than leading in prices.