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Why Uber Stock Crashed 23% in August

TheMotleyFool

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Shares of Uber Technologies (NYSE: UBER) were moving in reverse last month after the ridesharing pioneer reported another underwhelming quarter, featuring slowing revenue growth and wide losses. As a result, the stock fell 23% during August, according to data from S&P Global Market Intelligence.

As the chart below shows, most of the stock's losses for the month came during the second week of August after its second-quarter earnings report came out.