Uber had an abysmal second day of trading

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8% from its IPO price at $37.25 per share, with a market cap of $62.2 billion. Uber, which was previously valued at $72 billion by venture capitalists on the private market, priced its stock …

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