Breaking News Bar

Business News and Information

Uber IPO Takes a Massive Hit from Major Competitor Today

The Uber IPO took a massive hit from a major competitor today with Apple Inc.'s (Nasdaq: AAPL) announcement it's investing $1 billion in Didi Chuxing, Uber's biggest ride-sharing competitor in China. Uber appeared to shrug off the news, but the development is troubling for the ride-sharing app. Here's what you need to know... Tags: Uber IPO To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Uber IPO Takes a Massive Hit from Major Competitor Today appeared first on Money Morning - We Make Investing Profitable .
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear