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FinTech Platforms and Asymmetric Network Effects: Theory and Evidence from Marketplace Lending -- by Lin William Cong, Ke Tang, Danxia Xie, Weiyi Zhao
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FinTech Platforms and Asymmetric Network Effects: Theory and Evidence from Marketplace Lending -- by Lin William Cong, Ke Tang, Danxia Xie, Weiyi Zhao
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Messages are not fully encrypted by default. That means the company could, in theory, access the content of the messages, or be forced to hand over the data at the request of a government. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. After fleeing Russia, the brothers founded Telegram as a way to communicate outside the Kremlin's orbit. They now run it from Dubai, and Pavel Durov says it has more than 500 million monthly active users. Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively.
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