Uber: From IPO Hype To Investor Fallout

In May 2019, Uber raised $8.1 billion in its IPO by selling 180 million shares at$45 each. The company pursued a growth-at-any-cost strategy, focusing on expansion rather than profitability. This business model came under scrutiny when Uber reported a $5 billion loss for Q2 2019 and a slowdown in revenue growth. Soon after the IPO, Uber was accused of bypassing regulations and overlooking passenger and driver safety in some markets. By October 2019, just five months after its debut, the company had lost a ...