Meituan has seen around $38.96 billion wiped off its value in the past two weeks as Beijing turns its regulatory scrutiny on the Chinese food delivery giant."
I hate to age myself, but I have been ordering pizza for a long time. I still order pizza, and the same delivery folks run pizza from the same old pizza joints. Nothing has changed in the business that would justify a 38 billion dollar valuation. And that nonsense is why his valuation tumbled.
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