Uber Stock fall down last few days ago, As we all know Uber is a big brand in the entire world but why Uber stock fall down? Want to know read more.. 

What is Uber? 

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Uber is a very famous app globally it provides ride-sharing and food delivery facilities. It also provides freight, other bets, and advanced technologies group (ATG), and other technology programs. The rides product connects the consumer with drivers for traveling and provides various rides like taxis, auto-rickshaws, and cars.
The eats allows consumers to search for foods from their favorite restaurant and get delivered by Uber.

Freight connects carriers with shippers on its platform and gives the ability to book shipment. The ATG and other technology segments are responsible for the development and commercialization of autonomous vehicles and ride-sharing technology. Ronald sugar Ph.D. is a non-executive chairman and, a chief executive officer is Dara khosrowshahi and Nelson Chai is a chief financial officer.
Uber stock is one of the most-watched IPO stocks.

Uber’s Rise And Downfall

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Uber is in the middle of a dramatic turnaround, as the company fight to turn a profit
Uber’s profit was temporary, in 2018 Uber only earned 59 cents per share.
The company lost $5.04 share in twenty nineteen, as a company continuously suffered from loss. In 2020 company is expected to lose $3.87 a share, according to IBD Data.

Uber and rival Lyft won a huge battle on fourth November, with California voters approving Proposition 22.
“The underlying business models for Uber and Lyft were hanging in the balance if Prop. 22 did not pass in California to keep the contractor model,” Wedbush Securities analyst Daniel Ives wrote in a note to investors. For Lyft and Uber stock this was a ‘landmark victory’ he added that “This removes a significant overhang and dark cloud for the likes of Uber and Lyft,” Ives wrote.

On February two uber announced that “Wherever you want to go and whatever you need to get, our goal at Uber is to make people’s lives a little bit easier,” said Uber CEO Dara Khosrowshahi. “That’s why we’ve been branching into new categories like groceries, prescriptions, and, now, alcohol.”

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