Why Uber-Backed Aurora Innovation Stock Sank Today

Shares of Aurora Innovation (AUR -6.49%) tumbled 6.3% on Wednesday. The autonomous vehicle technology company's stock had been down as much as 17% earlier in the day.The self-driving technology developer is seeing its stock pressured after Uber announced it plans to issue exchangeable notes that could be converted into Aurora shares, sparking fears of dilution.Uber announces $1 billion exchangeable note offeringUber -- Aurora's largest shareholder -- yesterday announced its intention to offer$1 billion in ...