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
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
