Uber CEO Dara Khosrowshahi sent an email to employees Monday addressing the ride-hailing giant's brutal stock-market debut.
To put its dismal showing another way, Uber's first day of trading turned out the
Consider that performance against Amazon and Facebook, which debuted in May 1997 and May 2012, respectively. Facebook's debut was more fraught. The social network in 2012 saw the biggest first-month drop of any large US IPO in history, according to Dealogic. They plunged 21% decline, and failed to recapture their opening price for about 16 months.
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