Uber was already the biggest high-profile IPO bust in recent memory. And it only got worse today.
New York Uber was already the biggest high-profile IPO bust in recent memory. And it only got worse on Monday.
Shares of Uber fell nearly 8% in early trading following a dismal debut Friday. The stock is now down about 15% from its initial public offering price of $45.Uber is facing a lot of skepticism about its ability to make money anytime soon as it battles with rival Lyft for market share in the US. Lyft, which went public in March, has been a Wall Street dud too. That stock fell 6% Monday and is now down more than 33% from its IPO price.
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