Uber's future prospects depend on doubling fares and halving drivers' pay, or replacing them all with self-driving cars that won't exist for years. What could go wrong?
Read the restExperts are hitting the brakes on Uber's trading debut. The ride-hailing company's highly anticipated initial public offering failed to impress investors on Friday, with the stock pricing at the low end of its previously stated range and shedding more than 7% near the end of the session. Market watchers were largely bearish on the IPO, citing Uber's past issues with its culture and corporate governance.
Uber's future prospects depend on doubling fares and halving drivers' pay, or replacing them all with self-driving cars that won't exist for years. What could go wrong?
Experts are hitting the brakes on Uber's trading debut. The ride-hailing company's highly anticipated initial public offering failed to impress investors on Friday, with the stock pricing at the low end of its previously stated range and shedding more than 7% near the end of the session. Market watchers were largely bearish on the IPO, citing Uber's past issues with its culture and corporate governance.
