Should Investors Slam the Brakes on Uber Shares?

A disastrous debut has wiped billions off the value of Uber, but the first few days of trading are rarely a good guide to the future

James Gard 13 May, 2019 | 4:32PM
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Shares in ride-sharing firm Uber (UBER) plunged a further 9% as the US stock market opened on Monday, following on from a disastrous debut. 

Uber’s near-8% slide on its first day of trading on Friday, May 10, offers a timely reminder of the difficulties faced by investors in tech unicorns. The ride-sharing firm’s misfortune was to be one of the most hotly anticipated listings since Facebook (FB) during a time of high stock market volatility and the firm carried a weight of expectations after a strong run for US stocks in recent months.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Lyft Inc Class A50.04 USD0.00Rating
Premier Miton Global Sust Gr C Acc322.70 GBP-0.06Rating
Twitter Inc66.11 USD0.00Rating
Uber Technologies Inc47.05 USD0.00Rating

About Author

James Gard  is content editor for