$7 billion wiped off Uber's valuation during Monday's trading alone

13 May 2019


Uber shares have dropped a further 10% during Monday morning trading, a steeper drop than initially expected for the newly public company. 


As reported in the San Francisco Chronicle  Shares dropped to a low of $37.22 at around 9:30am New York time, taking the controversial ride-sharing app's valuation to around $62.4 billion. 

Although that is still a huge figure, it's almost half the valuation that was spoken about a few months ago. 


The Silicon Valley giants have never turned a profit and have openly admitted they may never do so. 


The firm published figures that show it has lost $10 billion in operating losses for the past three years, with a revenue of $11.3 billion for last year and a 2018 loss of $1.8 billion.  


Image: Source; Pixabay  

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG
Market Footer .gif
TaxiPoint- 300x200px Taxi GIF PLAN AUG 2
private hire cover from Utility Saving Expert
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.


All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.