Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours  —  - Uber has holdings in Didi and Grab, among other assets.  — The company lost $8.51 billion last year.

from Techmeme https://ift.tt/3ckPVXS
via IFTTT