Uber Stock: Why It Might Be Time For Investors to Pump the Brakes
Uber (NYSE: UBER) is easily the most recognizable brand in the relatively new ride-hailing industry. In addition to its strong position in its core business, the company is pursuing several other opportunities. There, its food delivery app Uber Eats, its recent venture into the fintech industry via Uber Money, and the company's involvement in the fascinating (although still very much nascent) world of self-driving cars.
With all these potential avenues for growth, one would think investors would be tripping over themselves to purchase shares of the ridesharing giant, but that couldn't be further from the truth. Instead, the company has been struggling since its IPO and is down by 40% year to date. With that in mind, here is why the skepticism surrounding Uber's prospects is wholly justified.
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Source Fool.com
