Apple S Didi Investment Flop Sees Company Exec Quietly Resign
Apple’s Didi investment back in 2016 was hailed by the Cupertino company’s CEO Tim Cook as a “great financial investment.” Sadly, that very much turned out not to be the case. The investment has instead seen Apple’s billion-dollar stake lose at least 80% of its value, and the company’s sole representative on the Didi board has now quietly resigned … Apple’s Didi investment Lyft-backed Didi has been described as China’s Uber – but by 2016 was suffering badly from competition by the actual Uber....