Urban Company shares rally 69% from IPO issue price on day 2 of trading. Time to cash out or double down?

Urban Company shares rally 69% from IPO issue price on day 2 of trading. Time to cash out or double down?

Shares of Urban Company surged as much as 4% on Thursday to Rs 174 on the BSE, taking gains to nearly 69% over its IPO issue price of Rs 103, in just two days of trade. The sharp rally has left investors weighing whether to book profits after the blockbuster listing or stay invested for … Read more

Turkey fines Google for abusing market dominance

Turkey fines Google for abusing market dominance

Turkish regulators have fined Google 196.7 million Turkish liras (uSD 25.5 million) for allegedly abusing its market dominance in online searches. In a statement released Friday, the Competition Authority said Google and its parent company Alphabet Inc had made it difficult for companies to show up in searches if they did not generate advertisement revenue … Read more

View: India needs to understand a new source of monopoly power: the network effect

View: India needs to understand a new source of monopoly power: the network effect

India has banned TikTok and other Chinese apps, supposedly for security, but actually to punish Chinese military intrusion in Ladakh. For similar, though not identical, security reasons, the US is banning TikTok, WeChat and otherChinese apps. Microsoft, Google and other US rivals now want to buy TikTok and other Chinese apps. If they succeed, should … Read more