Most investors who owned stocks in the past year have lost money. the SPDR S&P 500 SPY total return in that time is roughly -4.8 percent. But there’s no question some big-name stocks have done much better than others in that stretch.
Uber’s Bumpy Ride
Unfortunately, one stock that has struggled mightily since April of last year is ridesharing giant Uber Technologies Inc..
Uber was founded back in 2009 and was one of the highest-profile IPOs of the 21st century in May of 2019.
Uber had once hoped to land a $120 billion IPO valuation, but it ultimately dropped its valuation down to around $75 billion. Uber raised $8.1 billion via its IPO, making it one of the 10 largest IPOs in history.
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