Here's why Uber stock is crashing

Hailed as one of the biggest success stories in tech, Uber (NYSE: UBER) has had an interesting year. Uber stock experienced significant volatility in 2024 — at the beginning of the year, prices shot up from $57 to $81 in mid-February, before entering a gradual decline to $63.97Following this, Uber shares reached a yearly low of $58.48 in early August. However, prices rebounded following a standout earnings quarter, which saw a beat in terms of both revenue and earnings per share (EPS), as well as Uber’s adv ...