The share price of Singapore ride-hailing and carpooling company Ryde dropped over 80% in just one week. The stock closed at US$2.08 on September 12, down from US$13.11 on September 11, and US$12.14 just a week earlier. Its peak share price reached US$22.49 on September 11.

This substantial decline followed a surge in trading activity. Analysts reported that daily trades increased from between 20,000 and 200,000 shares to over a million shares in early September. On September 11 alone, nearly nine million shares were traded, resulting in a sharp drop of more than 60%.