Hello and welcome back to Equity, TechCrunch's venture capital focused podcast, where we extract the numbers behind the headlines.
A few questions spring to mind. Why did the Uber lose the ground? Was it the company's fault? Was it just the macro market? Was there anything else entirely? What we know is that Uber's pricing was not what we expected, and the first day was not smooth.
There are a lot of reasons why Uber went out as it did. First, the stock market has had a rough week. That, coupled with growing tensions in the US and China, made this week one of the worst years for Uber's monstrous IPO.
But to make everything clear, we ran back through a story, recalled some important lifts and more.
We don't know what's next, but we'll keep a close, especially on the next cohort of unicorns ready for the IPO (Postmates, hey!).
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