Uber Struggling Again After Day 1 Disaster
Uber shares fell early Monday after the ride-hailing giant suffered through a brutal initial public offering on Friday, which saw the biggest first-day dollar loss in US IPO history.
The broader US markets were under pressure Monday as investors grappled with renewed trade tensions between the US and China.
Uber shares plunged by nearly 7% early Monday after Friday's initial public offering cost investors billions.
The ride-hailing giant, which went public on Friday, six weeks after its rival Lyft, sputtered to a 7.6% loss in its stock market debut, wiping out $655 billion of investor wealth.