Uber extends losses following last week's rocky debut

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Uber shares went into a fresh skid Monday — more bad news for the global ride-hailing giant, which endured steep declines in its hotly anticipated market debut last week. Shares in Uber tumbled more than 11 percent to $36.96 mid-afternoon on the second day of trade on the New York Stock Exchange. Valued at some $82 billion in one of the biggest initial public offerings (IPOs) in the technology sector, Uber’s debut Friday was a major disappointment, losing 7.6 percent.

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