Uber CEO expects further pressure as shares add to losses, down 12 percent

By on
Uber CEO expects further pressure as shares add to losses, down 12 percent

Ride-hailing giant's market debut poorly received.

Uber Technologies Inc's shares fell 12 percent on Monday, more than doubling their losses since the ride-hailing giant's poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months. The fall in shares comes against the ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
finance hardware networking uber

Most Read Articles

Windows flaw lets Zoom leak network credentials, runs code remotely

Windows flaw lets Zoom leak network credentials, runs code remotely
Woolworths, Coles to raise tap-and-go limit to $200

Woolworths, Coles to raise tap-and-go limit to $200
Google location data shows Australia grinding to halt

Google location data shows Australia grinding to halt
Australia launches COVID-19 app, WhatsApp chat

Australia launches COVID-19 app, WhatsApp chat
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Move Beyond Passwords
Move Beyond Passwords
Here's the fast, cost-effective way to deploy Single Sign-On for Office 365
Here's the fast, cost-effective way to deploy Single Sign-On for Office 365
Driving business innovation through private cloud solutions
Driving business innovation through private cloud solutions
Future proofing your datacentre with hyperconverged infrastructure
Future proofing your datacentre with hyperconverged infrastructure
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)

Events

Log In

Username / Email:
Password:
  |  Forgot your password?