How the Promise of a $120 Billion Uber I.P.O. Evaporated
The company soon hit other obstacles. President Trump tweeted this month that he wanted to raise tariffs on $200 billion of Chinese goods, unsettling global stock markets. The day before Uber priced its I.P.O., Lyft reported a $1.14 billion loss for its first quarter, renewing questions about the health of ride-hailing businesses. Uber’s executives, board […]
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