Deliveroo’s shares are a mess

The bitcoin terrorists of Idlib are learning new tricks

In today's WIRED DAILY, we look at how Deliveroo's IPO hasn't gone to plan and investigate the bitcoin terrorists of Idlib. Deliveroo's shares are a mess Deliveroo should be celebrating the launch of a blockbuster IPO. Instead, it is licking its wounds after market volatility and an investor revolt forced it to drop its listing price from a maximum of £4.60 a share to £3.90.   The move wiped close to £1 billion off the company's valuation and, with the shares falling by over 30 per cent to below £3 in early morning trading, questions have been raised about how appetising Deliveroo's stock will prove when it begins publicly trading next week. But this will be the least of the company's worries. Read the full story on WIRED Today's headlines ByteDance privately valued at $250 Billion What happened: ByteDance, the Chinese company that owns TikTok, may be worth more than Twitter and Coca-Cola. This is according to Bloomberg, whose sources claim that this is the company's current valuation on the secondary market. Why it matters: TikTok's rise during the pandemic has been meteoric, although it has been troubled by its links to China and Donald Trump's previously mooted ban on the app. But ByteDance is reportedly considering going public with its Chinese version of TikTok, called Douyin. The app may have an IPO in New York or Hong Kong Google to help EU fight fake news What happened: Google has pledged to donate €25 million to the new European Media and Information Fund. The Fund, launched this week, will enlist researchers and fact checkers to curb the spread of fake news on the internet. Why it matters: The pandemic and multiple elections have spotlighted the role these platforms play in spreading fake news. The heads of Google, Facebook and Twitter have been questioned by Congress about the spread of misinformation online. Fake Amazon accounts proliferate on Twitter What happened: The dodgy accounts have been praising Amazon's working conditions and criticising worker's attempts to unionise. Twitter has suspended some of the accounts, and Amazon has confirmed that at least one is fake. Why it matters: While these accounts are fake, the real Amazon Twitter account has been defending the company from criticisms of its workplace conditions, supposedly under direct instruction from Jeff Bezos. Amazon workers in Alabama are currently in the process of deciding whether they will unionise. The bitcoin terrorists of Idlib are learning new tricks   "The most significant and dangerous recent development in global terrorism" Terror-linked groups in war-torn Idlib are changing their crypto tactics to avoid detection by Western law enforcement Today's job picks Hardware UX designer Zwift Apply now Customer success manager Slack Apply now Listen to the latest WIRED Podcast On the WIRED Podcast this week... 💊 The drug that changed medicine   📱How MWC still plans to go ahead this year     Listen now NEW WIRED BOOKS Prefer a weekly digest? Subscribe to the WIRED Weekly Unsubscribe  |  View this email in your browser  Queries about this email? Contact datacontroller@condenast.co.uk Condé Nast Publications 1 Hanover Square, London W1S 1JU © The Condé Nast Publications Ltd Our Privacy Policy