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Why Is UBER Trading Lower Today?
Description
Shares of Uber ($UBER@US) are trading lower on Thursday morning after Softbank ($SFTBY@Japan) sold 45 million shares of the ridesharing company. The shares are worth over $2 billion as the Japanese conglomerate tries to offset the losses they have taken from DiDi Global ($DIDI@China). Shares of Uber were down 4.96% at press time.
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