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Uber CEO Admits IPO Was Disappointing but Sees Light Ahead

Neha Gupta
Uber CEO Admits IPO Was Disappointing but Sees Light Ahead

A month after Uber Technologies (UBER) went public and the stock plunged on its first trading day, the company’s chief executive, Dara Khosrowshahi, has revisited the lackluster IPO, saying it was spoiled by America’s trade war with China. “The timing of our IPO was very much aligned with our president’s tariff wars, the same day. So I think we got caught up a bit in the market swirl,” Khosrowshahi said.