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Uber Down $14 Billion Since Friday

Credit: Wochit
Published on May 13, 2019 - Duration: 00:38s

Uber Down $14 Billion Since Friday

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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