Uber Technologies Inc., Lyft Inc. and other big startups going public now have touted their new business models that disrupt old industries but lose historic amounts of money. To try to win over investors, they have also come up with… Read More ›
Uber Technologies Inc
Uber Stock Tumbles In Second Day Of Trading… The IPO May Have Been Ill-Timed Given The Broad Market Slide
Uber Technologies Inc. opened lower on Monday, as the closely watched company continues its rocky debut on public markets. Shares of the ride-hailing app company fell 8.6% to $38 in the morning of its second day of trading. START TRADING… Read More ›
Uber is aiming for an IPO that could value it at as much as $120 billion. Chief Executive Dara Khosrowshahi has worked to shore up the company’s balance sheet by selling unprofitable units and completing fundraising including investments from SoftBank Group Corp. and Toyota Motor Corp. , and a large debt sale.