Uber Announcement

Uber announced today they were going to raise prices to satisfy investors? WTF? 

You have investors effective today & need to raise prices already?

That's total bullshit.

Will Uber ever make a profit? Maybe. There is one obvious answer to this question: higher fares. Theoretically, it would create more profits if customers don't walk away from this.

https://www.igorbnews.com/2019/11/uber-stock-hits-record-low-37-from-ipo.html

Uber shares fell to an all-time low on Wednesday. This is as the stock lock-up period ends. The lock-up period is 180 days after the company's IPO. This means that everybody is free to sell shares. This is happening after Uber released its 3rd quarter earnings report on Monday. The company continues to report big losses.

Uber stock hits record low: 37% from IPO price