Home Blockchain News If You Stupidly Invested $1,000 in the Uber IPO, Here’s How Much You Threw Away

If You Stupidly Invested $1,000 in the Uber IPO, Here’s How Much You Threw Away

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By CCN: The Uber stock price continues to freefall today following a historically terrible initial public offering (IPO). Last Friday, Uber held its first day as a publicly traded company with a starting price of $42 – already three dollars below its IPO price. Throughout the day, the stock continued to slide, ending at $41.70. In the process, investors lost a record $655 million with the Saudi Arabian Public Investment Fund (PIF) taking one of the most substantial hits ($201.5 million). Uber Stock Risks Becoming a Bottomless Money Pit If you foolishly threw $1,000 into the Uber IPO, you’d only

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* First published on ccn.com

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