Uber dives again – about 17% less than its introductory price

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Actions of Uber (UBER) fell by more than 10% in the late morning following its dismal start on Friday. The stock is now down about 17% from its initial offer price of $ 45.
Uber faces a lot of skepticism about his ability to make money as soon as he fights his rival Lyft (LYFT) for the market share in the United States.

Lyft, which was released in March, was also a Wall Street failure. This stock fell 6% Monday and is now down more than 33% from the price of its IPO.

The epic fall of Uber is also bad news for some of the biggest investors who bought stakes in the company relatively late in the game.

The first investors of Uber reveal their crazy adventure

The company raised approximately $ 6.8 billion by selling close to 140 million shares between December 2015 and February 2017 at a price of $ 48.77 the stock, including a sale of approximately 71.8 million shares in the Saudi public investment fund.

This issue, worth $ 3.5 billion at the time, is now valued at about $ 2.7 billion.

The Japanese technology investment giant, SoftBank, is Uber's biggest investor. It owns nearly 13% of the company through its SoftBank Vision fund. SoftBank shares fell more than 3% in Tokyo on Monday following the fall of the Uber price on Friday.

SoftBank has also invested in several other alleged unicorns that could become public, including Slack, WeWork and DoorDash. Wall Street's sudden demeanor for losing startups – Lyft has also dropped dramatically compared to its IPO price – could be bad news for SoftBank.

And the actions of the Google owner Alphabet (GOOGL), which holds 5% stake in Uber, lost 3% Monday.

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