Investors Bet Big Against Uber

Credit: Wochit News
Published on May 29, 2019 - Duration: 00:32s

Investors Bet Big Against Uber

Business Insider reports that investors are betting against Uber to the tune of $1.5 billion.

The company's IPO has been struggling since it hit the exchange earlier in May.

Borrowing of Uber shares has surged by more than 160% in the past two weeks, to 36 million shares from 13.6 million.

The value of short positions in Uber has passed the value of those in Lyft for the first time.

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