Why Uber Stock Was Rolling Downhill Today

Shares of Uber Technologies (NYSE: UBER) took a dive today as the ridesharing giant fell alongside the broader market sell-off and as it lost in its bid to acquire Grubhub (NYSE: GRUB), which instead agreed to sell itself to Just Eat Takeaway.com (AMS: TKWY).

Uber stock finished the day down 10.7%.

Image source: Uber.

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Source Fool.com