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Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours (Jordan Novet/CNBC)

Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours (Jordan Novet/CNBC)

Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours (Jordan Novet/CNBC)


Jordan Novet / CNBC:

Uber withdraws its 2020 financial guidance, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours  —  – Uber has holdings in Didi and Grab, among other assets.  — The company lost $8.51 billion last year.

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