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Uber's IPO: Where Do We Go From Here?

Credit: The Street
Published on May 13, 2019 - Duration: 00:56s

Uber's IPO: Where Do We Go From Here?

Oh, Uber .

It certainly has been a rough go.

For those of you living under a rock... Uber's stock dropped for a second uber-disappointing trading day on Monday, May 13, 2019.

Friday it closed the day as the biggest initial public offering flop of the year.

Weak earnings from Uber rival Lyft didn't help matters.

Lyft last week reported first-quarter losses that topped $1 billion, mostly due to stock compensation but also because of $211.5 million, or $9.02 a share, in losses.

The company did report better-than-expected revenue $776 million.

So where does Uber's stock do from here?

Real Money tech columnist Eric Jhonsa joined TheStreet's Annie Gaus to share some thoughts about what to expect.

Related.

Jim Cramer Breaks Down Uber's Disappointing IPO Behind the Scenes of Uber's $82 Billion Debut

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