Reported 8 months ago
Several billionaire investors like Larry Robbins, Lee Ainslie, Roberto Mignone, and others have started to sell shares of Uber, despite the company's strong financial performance. While Uber's revenue growth and profitability have been positive, concerns about the sustainability of its business model in a competitive marketplace are growing. Uber's stock valuation has been reasonable, but the possibility of upcoming regulatory challenges in the rideshare industry could be prompting these high-profile investors to sell their shares.
Source: YAHOO