Uber down $14 Billion since Friday Unlisted Video
4 years ago
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Jay Ritter
Dara Khosrowshahi
Stock Market
New York
$68 Billion
$82 Billion
10.8 Percent
7.6 Percent
Professor Jay Ritter
Ride-sharing company Uber has had another rocky day on Wall Street. Gizmodo reports that the car service companies disappointing IPO is becoming disastrous, falling an additional 10.8 percent in its second day as a public company. Uber, which controls the lion’s share of the ride-hailing market in the U.S., rattled investors with a 7.6 percent dip from its $45-per-share debut Friday. As a result of its outsized valuation, that modest drop crowned Uber the worst-performing day one IPO in U.S.
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