business

Uber's market debut sours most anticipated IPO since Facebook

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By Joshua Franklin, Aparajita Saxena and Heather Somerville

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We will not be tempted to bottom feed on this, given the capitulation in LYFT post IPO . It does bring to the fore that a company losing money is not that appealing to investors after all.

https://www.tradingview.com/symbols/NYSE-UBER/

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it dropped 8% after its open, which sounds like throwing $ away for investors, but who received free shares, are probably quite happy... money for nothing.

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Uber is a good example of the new tech bubble. Overpriced and still not profitable.

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