Uber shares fall to record low as market fears global slowdown

Bradley Prior

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Uber shares fall to record low as market fears global slowdown

Uber Technologies Inc. shares, which have spent more time below their recent IPO price than above it, fell to a record low Wednesday, as market sentiment broadly soured on fears of a global slowdown and amid lingering disappointment with last week’s second-quarter report, according to analysts.

The stock dropped as much as 6.5% to $34.10, the lowest price since its May debut, as major averages slumped 2%. [Bloomberg]
 
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