Mutual funds mark down investments in Uber by as much as 15%


  • TECH
  • Wednesday, 23 Aug 2017

Uber has suffered a series of setbacks in recent months, including a federal probe into its use of technology to evade regulators in certain cities. — Reuters

NEW YORK: Four mutual fund companies have marked down their investments in Uber Technologies Inc by as much as 15% following a scandal-ridden year for the ride-hailing company.

Uber has suffered a series of setbacks in recent months, including a federal probe into its use of technology to evade regulators in certain cities and a trade secrets lawsuit filed by Alphabet Inc's self-driving unit, Waymo.

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