Doordash

Uber's sliding shares should worry other cash-bleeding unicorns

Illustration of the Uber logo falling off a stock chart cliff, with the logos for Doordash, Postmates, Lime, and Bird following behind
Illustration: Sarah Grillo/Axios

Uber shares have inched higher since their first two days of dismal trading, but not nearly to the point of making all of the company's private investors whole.

Why it matters: That has got to worry other money-losing "unicorns" that operate in similar sectors.

Special report ... The new gig: America's hidden economy

Illustration of woman leaning over a giant cell phone
Illustration: Sarah Grillo/Axios

More Americans are working than ever before, but a growing number of them aren't 9-to-5 employees, nor skilled freelancers who negotiate their compensation.

Between the lines: Instead they are your Uber driver, your DoorDash food deliverer or your Rover dog-walker.