Mexican Media Brands
Uber Shares Drop Another 11%
Shares in ride-hailing service Uber Technologies Inc. shrank another 11% on Monday, their second day of public trading.
#economics
Share
Shares in ride-hailing service Uber Technologies Inc. shrank another 11% on Monday, their second day of public trading.
Uber began trading on Friday at $45 but closed on Monday at $37.10. The slump erased $20 billion in Uber’s market value, dropping it to about $68 billion.
Uber wasn’t alone. Lyft Inc., Uber’s largest rival in the U.S., saw its stock price slide 8% on Monday. Lyft’s shares have lost one-third of their value since the company’s initial public offering on March 29.
RELATED CONTENT
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
