PDD Holdings (PDD) Faces A Texas Privacy Settlement As Undervalued Narrative Holds

PDD Holdings (NasdaqGS:PDD) just closed a privacy lawsuit with the Texas Attorney General, agreeing to a US$3 million payment plus stricter data controls that directly affect how its Temu platform handles Texas consumer information. The privacy settlement lands at a tricky moment for PDD Holdings, with the share price at US$78.72 after a 1-day move that fell 3.56% and a year-to-date share price return that declined 31.99%. The 1-year total shareholder return is down 39.47% and the 5-year...