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Uber Inc. (UBER) PT Lowered to $29 at Susquehanna

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Uber (UBER) Shares Dip on Reported Plans to Slash Costs

May 9, 2022 6:18 AM EDT

Uber (NYSE: UBER) plans to slash costs and react accordingly to the unexpected change in investor sentiment, the companys CEO Dara Khosrowshahi told employees in an internal memo

After earnings, I spent several days meeting investors in New York and Boston, Khosrowshahi was quoted by CNBC.

Its clear that the market is experiencing a seismic shift and we need to react accordingly.

The technology... More