Uber Stock Plunges as Q3 Bookings Disappoint

KEY TAKEAWAYSUber Technologies shares are dropping in premarket trading Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.The company said gross bookings rose 16% year-over-year to $41 billion in the third quarter, below estimates from Visible Alpha of $41.3 billion.Uber's top- and bottom-line results handily beat analysts' estimates, however. It posted revenue of $11.19 billion and net income of $2.6 billion for the third quarter. Uber Technologies (UBER) s ...