{"id":22722,"date":"2019-09-07T09:00:34","date_gmt":"2019-09-07T09:00:34","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=22722"},"modified":"2019-09-06T14:31:49","modified_gmt":"2019-09-06T14:31:49","slug":"uber-stock-falls-to-all-time-low","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/uber-stock-falls-to-all-time-low\/","title":{"rendered":"<Uber stock falls to all-time low>"},"content":{"rendered":"<p>Investor confidence in the ride-sharing giant is sagging.<!--more--><\/p>\n<p><span style=\"font-weight: 400;\">After the company reported disappointing second-quarter results last week, shares in ride-sharing giant Uber continued to fall yesterday, with the firm posting its lowest close ever.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The stock fell 7.6% to $37 Monday, beating its previous low of $37.10 on May 31. Since the company went public that same month, Uber shares have lost about 19% of their value from the company\u2019s IPO price of $45.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reason is that Uber posted an extremely concerning $5.2 billion loss in its latest quarterly results, caused largely by stock-based compensation costs. The company reported a per-share loss of $4.72 on revenue of $3.17 billion, both of which were lower than analysts had estimated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uber CEO Dara Khosrowshahi described the losses as a <\/span><a href=\"https:\/\/www.cnbc.com\/2019\/08\/09\/uber-ceo-massive-losses-from-ipo-were-a-once-in-a-lifetime-hit.html\"><span style=\"font-weight: 400;\">\u201conce-in-a-lifetime\u201d hit<\/span><\/a><span style=\"font-weight: 400;\">, yet investors continue to remain skeptical about whether or not Uber can restore its profitability. Shares in Uber\u2019s principal ride-sharing rival, Lyft, likewise fell 4.9% on Monday.<\/span><\/p>\n<h1><b>Diversification, innovation needed<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">Analysts believe the company needs to dominate in more areas than just UberEats and ride share in order to be profitable. The firm also offers services such as UberFreight and Uber For Business, while Uber Bike, Uber Health, and Uber Elevate&#8211;the latter promising shared urban air transportation by 2023&#8211;are all already underway or in the pipeline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, a long list of rivals is emerging, particularly in the ride-sharing market. In January, Marketing91 listed Lyft, Curb; Chinese firm, DidiChuxing; and Singapore-based Grab as among Uber\u2019s main competitors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investor confidence in the ride-sharing giant is sagging.<\/p>\n","protected":false},"author":21,"featured_media":22721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,98,1385,2075,1011,2415,100,2413,2414],"class_list":["post-22722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-north-america","tag-ceo-northam","tag-nyse","tag-paul-imison","tag-stocks","tag-uber","tag-uber-shares","tag-ubereats"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/22722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=22722"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/22722\/revisions"}],"predecessor-version":[{"id":22770,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/22722\/revisions\/22770"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/22721"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=22722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=22722"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=22722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}