{"id":62547,"date":"2019-11-07T01:36:59","date_gmt":"2019-11-07T01:36:59","guid":{"rendered":"https:\/\/www.thefastfashion.com\/?p=62547"},"modified":"2019-11-07T01:36:59","modified_gmt":"2019-11-07T01:36:59","slug":"uber-shares-fall-record-low-early-investors-stock-goes-sale","status":"publish","type":"post","link":"https:\/\/www.thefastfashion.com\/?p=62547","title":{"rendered":"Uber shares fall to record low as early investors\u2019 stock goes up for sale"},"content":{"rendered":"<p>Uber Technologies fell as much as 9 percent to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company\u2019s initial public offering.<\/p>\n<p>Uber\u00a0made its market debut\u00a0at $45 per share in May, but has since lost more than 40 percent in value as the loss-making company struggled to retain investor confidence.<\/p>\n<p>Much of Uber\u2019s nearly 1.68 billion outstanding shares were under lock-up. In the IPO filing, Uber had said about 76 percent of its shares held by insiders, venture capitalists and other investors were under the restriction.<\/p>\n<div class=\"e3lan e3lan-in-post1\"><\/div>\n<div class=\"e3lan e3lan-in-post2\"><p style=\"text-align: left;\"><strong><em>Adv<\/em>.<\/strong><\/p>\r\n\r\n<ul>\r\n \t<li style=\"text-align: left;\"><a href=\"https:\/\/www.bagfactory.com.hk\/216\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\"><strong>Sun Winning Ind Co<\/strong><\/span><\/a>: Manufacture of Canvas Bag, Recycle Bad in China<\/li>\r\n \t<li><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" href=\"https:\/\/www.theunitravel.com\/\" target=\"_blank\" rel=\"noopener\">TheUniTravel.com<\/a><\/strong><\/span> : Find the latest\u00a0<em>travel<\/em>\u00a0and tourism\u00a0<em>news<\/em>\u00a0from around the world. Stay informed with\u00a0<em>travel news<\/em>\u00a0and\u00a0<em>updates<\/em><\/li>\r\n \t\r\n<\/ul>\r\n\r\n<\/div>\n<p>\u201cSome of the sell-off over the last few days has been attributed to the fear of additional liquidity coming into the market as a result of the lock-up expiration today, and people were trying to get ahead of that,\u201d said Matt Novak, managing partner at All Blue Capital, an Uber investor.<\/p>\n<p>However, not all early investors will hit the market to book a profit as they might have bought shares above the current trading price of $25.58.<\/p>\n<p>SoftBank Group, which has invested billions in Uber to become its largest investor, in 2017 bought preferred stock at $48.77 per share and common shares at $32.97 apiece from existing shareholders, including co-founder Travis Kalanick.<\/p>\n<p>The Japanese firm, which took a beating on its investment in WeWork, earlier on Wednesday\u00a0reported its first quarterly loss in 14 years, hurt by an $8.9 billion hit at its giant Vision Fund.<\/p>\n<p>The ride-hailing firm also counts Benchmark Capital, Saudi Arabia\u2019s Public Investment Fund, Alphabet and Goldman Sachs among its top investors. None of those investors could be immediately reached for comment.<\/p>\n<p>Uber was the biggest of a group of Silicon Valley startups that have gone public this year against the backdrop of a global stock market selloff, sparked by the trade battle between the United States and China. The company\u2019s latest quarterly report was also disappointing, piling more pressure on the battered stock.<\/p>\n\n<p>It\u00a0posted a wider third-quarter loss\u00a0as it outspends rivals on discounts to lure customers and invested heavily in loss-making new business ventures.<\/p>\n<p>From offering ride-hailing services in more than 700 cities worldwide, Uber has diversified into long-haul trucking, food delivery, developing self-driving cars and offering banking services to its drivers.<\/p>\n<p>However, profit has been elusive.<\/p>\n<div class=\"article-header\" style=\"color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: medium; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;\">\n<div class=\"entry-content entry-content-read-more\">\n<p>\u201cLock-up aside, in the new world where investors require clear paths to profitability, losses, no matter the direction, must be accompanied by clear acceleration and Uber lacks that for the time being,\u201d Needham analysts wrote in a client note on Tuesday.<\/p>\n<\/div>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Uber Technologies fell as much as 9 percent to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company\u2019s initial public offering. Uber\u00a0made its market debut\u00a0at $45 per share in May, but has since lost more than 40 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":62548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[38],"tags":[1868],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefastfashion.com\/?p=62547\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com\" \/>\n<meta property=\"og:description\" content=\"Uber Technologies fell as much as 9 percent to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company\u2019s initial public offering. Uber\u00a0made its market debut\u00a0at $45 per share in May, but has since lost more than 40 &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefastfashion.com\/?p=62547\" \/>\n<meta property=\"og:site_name\" content=\"TheFastFashion.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/buyingforbeauty\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-07T01:36:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefastfashion.com\/wp-content\/uploads\/2019\/11\/uber.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"618\" \/>\n\t<meta property=\"og:image:height\" content=\"410\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TheFastFashion\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TheFastFashion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=62547\",\"url\":\"https:\/\/www.thefastfashion.com\/?p=62547\",\"name\":\"Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#website\"},\"datePublished\":\"2019-11-07T01:36:59+00:00\",\"dateModified\":\"2019-11-07T01:36:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.thefastfashion.com\/?p=62547#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thefastfashion.com\/?p=62547\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=62547#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thefastfashion.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uber shares fall to record low as early investors\u2019 stock goes up for sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thefastfashion.com\/#website\",\"url\":\"https:\/\/www.thefastfashion.com\/\",\"name\":\"TheFastFashion.com\",\"description\":\"Fashion, Life Style, Beauty, Makeup, Costume...\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thefastfashion.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\",\"name\":\"TheFastFashion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"caption\":\"TheFastFashion\"},\"url\":\"https:\/\/www.thefastfashion.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thefastfashion.com\/?p=62547","og_locale":"en_US","og_type":"article","og_title":"Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com","og_description":"Uber Technologies fell as much as 9 percent to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company\u2019s initial public offering. Uber\u00a0made its market debut\u00a0at $45 per share in May, but has since lost more than 40 &hellip;","og_url":"https:\/\/www.thefastfashion.com\/?p=62547","og_site_name":"TheFastFashion.com","article_publisher":"https:\/\/www.facebook.com\/buyingforbeauty","article_published_time":"2019-11-07T01:36:59+00:00","og_image":[{"width":618,"height":410,"url":"https:\/\/www.thefastfashion.com\/wp-content\/uploads\/2019\/11\/uber.jpg","type":"image\/jpeg"}],"author":"TheFastFashion","twitter_misc":{"Written by":"TheFastFashion","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thefastfashion.com\/?p=62547","url":"https:\/\/www.thefastfashion.com\/?p=62547","name":"Uber shares fall to record low as early investors\u2019 stock goes up for sale - TheFastFashion.com","isPartOf":{"@id":"https:\/\/www.thefastfashion.com\/#website"},"datePublished":"2019-11-07T01:36:59+00:00","dateModified":"2019-11-07T01:36:59+00:00","author":{"@id":"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810"},"breadcrumb":{"@id":"https:\/\/www.thefastfashion.com\/?p=62547#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thefastfashion.com\/?p=62547"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.thefastfashion.com\/?p=62547#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thefastfashion.com\/"},{"@type":"ListItem","position":2,"name":"Uber shares fall to record low as early investors\u2019 stock goes up for sale"}]},{"@type":"WebSite","@id":"https:\/\/www.thefastfashion.com\/#website","url":"https:\/\/www.thefastfashion.com\/","name":"TheFastFashion.com","description":"Fashion, Life Style, Beauty, Makeup, Costume...","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thefastfashion.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810","name":"TheFastFashion","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thefastfashion.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g","caption":"TheFastFashion"},"url":"https:\/\/www.thefastfashion.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/posts\/62547"}],"collection":[{"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62547"}],"version-history":[{"count":1,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/posts\/62547\/revisions"}],"predecessor-version":[{"id":62549,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/posts\/62547\/revisions\/62549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=\/wp\/v2\/media\/62548"}],"wp:attachment":[{"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefastfashion.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}