Why Uber Is Tanking Today

Why Uber Is Tanking Today Hollie Adams / Getty Images News via Getty Images Uber (NYSE: UBER) is one of the major laggards today, down 5.5% at the opening bell after investors were unsatisfied with the company’s first quarter performance. Analysts were expecting another quarter profit, keeping the positive momentum going after Uber’s first full year of profitability last year, but that was not the case. Uber’s loss was more to do with legal settlements and investment write downs than core business functio ...