Investors Bet Big Against Uber

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Published on 29 May 2019, 11:17
Business Insider reports that investors are betting against Uber to the tune of $1.5 billion.
The company's IPO has been struggling since it hit the exchange earlier in May.
Borrowing of Uber shares has surged by more than 160% in the past two weeks, to 36 million shares from 13.6 million.
The value of short positions in Uber has passed the value of those in Lyft for the first time.
businessinsider.com/stock-market-news-op...
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