Uber shares traded below $36 for the first time.
. It was the first time the stock fell below $36. The stock was down more than 3% Wednesday, cutting about $2 billion from its market cap, bringing it below $60 billion, about $10 billion below its valuation at the end of itsUber reported a net loss of $5.
24 billion in its second quarter of 2019, blaming stock based compensation. But even excluding the compensation, Uber's losses amounted to about $1.3 billion, about 30% worse than the previous quarter. The company reported revenue of $3.17 billion for the quarter, missing analyst estimates of $3.36 billion, according to Refinitiv.
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