Uber stock hits a new all-time low as shares continues to slide following $5 billion Q2 loss

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Uber shares traded below $36 for the first time.

. It was the first time the stock fell below $36. The stock was down more than 3% Wednesday, cutting about $2 billion from its market cap, bringing it below $60 billion, about $10 billion below its valuation at the end of itsUber reported a net loss of $5.

24 billion in its second quarter of 2019, blaming stock based compensation. But even excluding the compensation, Uber's losses amounted to about $1.3 billion, about 30% worse than the previous quarter. The company reported revenue of $3.17 billion for the quarter, missing analyst estimates of $3.36 billion, according to Refinitiv.

 

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women especially realize it is not safe to take uber..media has reported rapes and deaths.. women should take a taxi to be safe.. there is accountability with the drivers.

because this company makes NO MONEY duh. Buy bitcoin you silly snakes

Maybe the history of Trump support.

Its almost like Uber was always a shitty company that was always going to go BANKRUPT

Good

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