Uber shares are trading lower. The stock fell earlier in the week on reports senators are seeking information on delivery companies' junk fees.
Portfolio Pulse from Benzinga Newsdesk
Uber shares are trading lower due to reports that senators are seeking information on delivery companies' junk fees, impacting the stock earlier in the week.
April 19, 2024 | 7:37 pm
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Uber's stock is trading lower following reports of senators investigating delivery companies for junk fees.
The investigation by senators into junk fees among delivery companies directly impacts Uber, as it is a major player in this sector. This regulatory scrutiny could lead to negative sentiment among investors, driving the stock price down in the short term.
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