NEW YORK -- Uber shares went into a fresh skid Monday -- more bad news for the global ride-hailing giant, which endured steep declines in its hotly anticipated market debut last week. Shares in Uber tumbled 10.75 percent to close at $37.10 on the second day of trade on the New York Stock Exchange. Valued at some $82 billion in one of the biggest initial public offerings (IPOs) in the technology sector, Uber's debut Friday was a major disappointment, losing 7.6 percent. The two-day meltdown left the Silicon Valley star with a cumulative loss of more 17.5 percent while ride-hailing rival Lyft has plunged 33 percent since its March debut. Jay Ritter, a University of Fl...
Keep on reading: Uber hits fresh headwinds as shares extend losses
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