UPDATE 2-Uber shares fall for second day after ill-fated IPO

Uber Technologies Inc's shares fell as much as 10% on Monday, more than doubling their losses since the ride-hailing giant's poorly received Wall Street debut on Friday and raising more questions about investors' faith in its ability to make profits. Shares of smaller rival Lyft Inc, which went public at $72 a share on March 29, was down 5.3% at $48.35. Uber lowered its valuation expectations twice in the past two months to address investor concerns over its mounting losses, and finally priced its IPO at the low end of the targeted range in a bid to avoid Lyft's stock market struggles.