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Shares of Uber opened trading Friday at $42 per share, below its $45 IPO price.

The bottom line: Investors who plugged over $8 billion into the IPO are instantly underwater, something almost unheard of for such a large, well-publicized offering. Factors weighing on the stock include U.S.-China trade tensions and huge losses.

Uber shares begin trading below IPO price

Business

Uber

Technology

Transportation

Big Tech

Shares of Uber opened trading Friday at $42 per share, below its $45 IPO price.The bottom line: Investors who plugged over $8 billion into the IPO are instantly underwater, something almost unheard of for such a large, well-publicized offering. Factors weighing on the stock include U.S.-China trade tensions and huge losses.

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Uber shares begin trading below IPO price

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