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Vietnamese Electric Vehicle Maker Valued at More Than Ford

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Summary: Vietnam 's Vinfast makes a remarkable stock market debut on Nasdaq , with shares surging over 200%, resulting in a valuation exceeding $85 billion, surpassing industry leaders Ford and General Motors . Founder and chairman of Vinfast gains an impressive $40 billion in a single day, controlling 99% of shares initially; trading volume reaches $185 million. Vinfast 's surge reflects ongoing global excitement about electric vehicle s and raises the prospect of new challengers emerging in the industry, potentially from low-cost East Asian countries like Vietnam . While profitability remains a challenge and produ...

Spotify Raises Premium Subscription Price for Millions

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Summary: Spotify is raising its subscription prices for the first time in over a decade. The price hike will affect 200 million subscribers in the US, UK, Canada, Australia, and 49 other countries. Other streaming services have also increased their subscription costs, reflecting the industry's pursuit of profitability . Users may consider downgrading to the ad-supported version or exploring alternative streaming providers. Competition and customer preferences will play a significant role in determining the success of this price increase . ...