Uber Technologies Inc's shares fell as much as 10% on Monday, more than dou...
- Uber Technologies Inc’s shares fell as much as 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
The stock hit a low of $37.17, valuing the company at about $12 billion less than the IPO price of $45. Shares of smaller rival Lyft Inc, which went public at $72 a share on March 29, was down 5.3% at $48.35. While both companies are trying to find ways to lower driver costs to become profitable, drivers went on a protest in several U.S. cities earlier this month demanding job security, livable incomes and a cap on the amount ride-hailing companies can collect from fares.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber Technologies Inc.Uber Technologies Inc. stock price, stock quotes and financial overviews from MarketWatch.
Read more »
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
Read more »
Uber set to debut on NYSE, hopes to avoid Lyft's fateRide services giant Uber Technologies Inc is set to make its long-awaited stock ...
Read more »
Uber stock slides in trading debut after IPO priced near the low end of rangeUber Technologies Inc.’s shares skidded Friday after the ride-hailing giant made its public debut.
Read more »
Uber shares fall for second day after ill-fated IPO; Lyft followsUber Technologies Inc shares fell as much as 10% on Monday, doubling losses sinc...
Read more »
Uber drivers eye IPO riches, call for strike in U.S. and UKUber drivers eye IPO riches, call for strike in U.S. and UK by leejane71 alexandriasage ReutersJF
Read more »
Uber valued at $82 billion in IPO as market jitters, Lyft woes weighUber Technologies Inc priced its initial public offering on Thursday at the low ...
Read more »
Cashing out in Uber's IPO: China, Russia and the Middle EastIn 2015, Uber Technologies Inc went on a fundraising spree in China, tapping ven...
Read more »
Uber set to debut on NYSE, under pressure to avoid Lyft debacleRide services giant Uber Technologies Inc will begin life as a public company on...
Read more »
Uber prices IPO at $45 per share, at low end of rangeUber is preparing for its public debut on the New York Stock Exchange on Friday.
Read more »
Uber starts trading at $42 a share, 6.7% below IPO priceUber Technologies Inc's stock on Friday opened down 6.7 percent in its firs...
Read more »