Uber Incurs Steep Decline in Stock Value: Reasons Behind Today’s Slide
Uber Technologies (UBER) experienced a 5.2% decline in its stock value, attributed to concerns about slowing growth despite the company’s achievement of its first-ever quarterly operating profit. In the second quarter, Uber surpassed expectations as gross bookings rose by 16% to $33.6 billion, and revenue increased by 14% to $9.23 billion. However, revenue missed estimates […]
Uber Incurs Steep Decline in Stock Value: Reasons Behind Today’s Slide Read More »