Uber Car-Wreck IPO Set Investors Up for a Bumpy Ride


It was one of the year’s most anticipated IPOs.

Instead, it turned into one of the biggest flops.  Out of the gate, shares of Uber (UBER) opened at $45 and sank to nearly $36, losing $6 billion in its first date.

However, this shouldn’t have come as a big surprise.

For example, Uber lost $891 million in the second quarter of 2018 following a loss of $4.5 billion in 2017.  However, it does see revenue of $10 billion to $11 billion, up from $7.78 billion from 2017.  That represents growth...

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