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"Investors got really turned off," said Kathleen Smith, principal at Renaissance Capital. "I'll call it a buyer's strike."
Dara Khosrowshahi, Uber's CEO, now holds 1.53 million shares of the company, roughly 0.09% of the shares outstanding.
Knightsbridge Private Partners claimed it had "pre-IPO shares" of companies like Uber and Lyft, but the DOJ alleges it never held any stock at all.
PayPal invested $500 million in Uber’s IPO. The company has lost $215.7 million on that investment since.
The loss weighed on PayPal's quarterly earnings, and the company said it will change its accounting to exclude the impact of investments like Uber.
The mark-to-market profits Uber shorts logged in two days is about 43% of their year-to-date returns of $640 million, according IHS Markit data.
Uber tanks to record low as its post-IPO share lockup expires — and it’s now worth less than it was as a private company in 2015
In May 2015, Uber raised $1 billion in a private round, which valued it at $51 billion. It's now trading well below that valuation.
Uber’s post-IPO lockup expires Wednesday. Here’s how Iockup expirations have impacted other companies this year.
The lockup expiration could "cause an avalanche of selling as early investors and insiders hit the bid," wrote Wedbush analyst Daniel Ives.
Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.
After Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
The man who runs the $100 billion SoftBank Vision Fund dismisses the idea that his firm values companies too high — even after Uber and WeWork h...
"Whether you buy [at] 10% more or less valuation, does it matter if we're looking for three times return?" Misra told the Nikkei Asian Review.
Both companies have lost major ground since going public, showing that investors are growing increasingly hesitant around money-losing firms.