Tech Nuggets with the Technology: 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)

Thursday, April 16, 2020

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.

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