Uber Stock Continues To Plunge After Failed IPO

Bella Breakdown The bad news continues to come for once unstoppable tech company Uber. Just days after going public, the ride-share company’s stock has reached a new low in the stock exchange calling its future of making profits into question. Just days after Lyft and Uber employees went on strike last Wednesday due to unfair wages and compensation and going public Uber Technologies’ shares closed down 10.8% on Monday. More than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut. “The stock “did not trade as well as we had hoped post-IPO,” Chief Executive Dara Khosrowshahi...

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Your Uber And Lyft Driver Are Keeping It In Park Due To A Strike

Bella Breakdown By this time today, you may have noticed that there were less Uber and Lyft drivers on the road. That’s because employees of the ride-share companies planned a massive strike for today demanding more compensation. The news of the strike comes just before Uber goes public, which is scheduled to take place this Friday. The company is estimated to be worth up to $91.5 billion after raising $9 billion from investors. This wouldn’t be the first time employees of Uber and Lyft tried to organize a protest. The same thing happened just last month around the time...

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