What's Up With Uber Stock Today?
Uber Technologies Inc (NYSE:UBER) shares are trading lower by 5.9% at $43.48. Weakness appears related to a dip in growth stocks following U.S. inflation data.
The stock has also been under pressure recently amid regulatory concerns, which could impact the classification of its drivers.
Uber is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles and delivery via drones.
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