uber Uber Posts Record Quarterly Loss as Expenses Outpace Revenue Growth Uber reports its largest quarterly loss in company history, driven by significant stock-based compensation costs following its recent IPO. The ride-hailing giant continues to prioritize growth over immediate profitability.
uber Uber CTO Embraces Rivalry with Investor Didi Chuxing Uber's CTO explains why competing directly with Didi, a company that owns a stake in Uber, is essential for preventing complacency.
uber Uber Stumbles in Highly Anticipated Wall Street Debut Uber shares fall below their initial public offering price on the first day of trading, dealing a blow to the ride-hailing giant's conservative pricing strategy.
tech industry Disappointing IPOs and Antitrust Scrutiny Highlight Turbulent Tech Year A look back at 2019 reveals a turbulent year for the tech industry, marked by failed public offerings and increasing antitrust scrutiny. Major startups struggle to maintain their valuations as investor confidence wavers.
uber Uber Eliminates COO and CMO Roles in Major Post-IPO Shake-Up Uber CEO Dara Khosrowshahi announces the departure of both the COO and CMO as the company restructures following its recent public offering. The executives will not be directly replaced, with business leaders instead reporting straight to the CEO.
uber Uber Stock Surpasses IPO Price Following Positive Analyst Reports Uber finally trades above its initial public offering price after a wave of positive analyst ratings ends the post-IPO quiet period. The ride-hailing giant reaches this milestone while reporting a $1 billion quarterly loss but record daily trip numbers.
uber Uber Reports $1 Billion First-Quarter Loss in Debut Public Earnings Uber reveals a $1 billion loss on $3.1 billion in revenue for its first quarterly report as a public company. The ride-hailing giant sees slow growth in its core business while its food delivery segment surges.
softbank SoftBank Breaks Industry Rules by Funding Multiple Rival Startups SoftBank's massive Vision Fund routinely ignores the traditional venture capital rule against backing direct competitors. This aggressive strategy distorts market dynamics and puts startup founders in difficult negotiating positions.
uber Uber's First Employee Ryan Graves Steps Down From Board of Directors Ryan Graves, Uber's very first hire and a former CEO, officially resigns from the ride-hailing company's board of directors. His departure comes just weeks after Uber completes its rocky initial public offering.
softbank SoftBank Shares Plunge 14% Amid Uber's Disappointing Market Debut SoftBank Group experiences a significant drop in its own stock value after Uber prices its initial public offering at the low end of its expected range. The Japanese conglomerate loses out on a planned $3 billion paper profit as its massive stake in the ridesharing giant falters.
uber Uber Stock Plunges 18.8% Below IPO Price in Rough Second Trading Day Uber closes its second day of public trading at $37.25, a significant drop from its $45 IPO price. CEO Dara Khosrowshahi urges employees to focus on the long-term despite the ongoing market struggles.
uber Uber Stock Stumbles Below IPO Price in Disappointing Wall Street Debut Uber makes its highly anticipated public trading debut on the New York Stock Exchange but immediately falls below its initial public offering price.
uber Uber Stock Drops Below IPO Price Amid Ongoing Market Volatility Uber shares fall more than 10 percent on their second trading day, dropping below the initial public offering price. Despite the disappointing debut, some analysts maintain an optimistic outlook on the company's path to profitability.
uber Uber Stock Drops Below IPO Price on Wall Street Debut Uber makes its highly anticipated public trading debut on the New York Stock Exchange but immediately falls below its initial offering price.
uber Uber Debuts on NYSE With Disappointing Opening Below IPO Price Uber begins public trading on the New York Stock Exchange at $42 per share, which falls below its $45 IPO price. Despite a lower-than-expected valuation, the ride-hailing giant still ranks among the most valuable tech listings in history.