Here's Why Uber Stock Dipped Today

Shares of ride-sharing company Uber Technologies (UBER -7.10%) dipped on Wednesday after the company reported financial results for the fourth quarter of 2024. The Q4 results were fine but the forward guidance fell short of what investors were hoping for. That's why Uber stock was down 7% as of 10:20 a.m. ET.The bookings outlook didn't satisfy investorsTo truly have a handle on Uber's business, investors need to understand its gross bookings. Gross bookings refers to the total dollar value of transactions o ...