FIRST AIRED: May 10, 2019

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00:00:00
cheers broke out Friday's who became a publicly traded company in the biggest I appeal to US firm since Facebook went public seven years ago but the jubilation was short lived as the first trade showed a nine percent drop from the forty five dollar IPO price that rarely happens on the stocks opening day there's been some concern about what the stock should be worth given uber's massive losses since its inception in two thousand nine the company has lost about eight billion dollars an estimated it lost roughly another billion in the first quarter investors will also skittish after watching lift stock give up nearly a third of its value since going public , pounding concerns shares of uber came to market amid the backdrop of a global stock market on track for its worst week of the year investors are on edge after Washington ratcheted up its trade war with Beijing at midnight uber's IPO marks a landmark for the creed of the ride hailing segment since then it's expanded into food delivery in freight hauling all in an effort to one day start making a profit