• Triton

Uber's Slide on Day 2

In their article for the Financial Times, Shannon Bond, Nicole Bullock, and Philip Georgiadis recapped a disastrous first two days of trading for Uber shares in the public market. In doing so, they cited Uber CEO Dara Khosrowshahi's email to employees earlier in the day, which called who cited "another tough day in the market, and I expect the same as it relates to our stock". The authors also cited Triton's Rett Wallace, who was a bit more grim about what was driving the sell-off. "What is happening now is that it is a falling knife. The thing to do with falling knives is to get out of the way." Full article in the Financial Times - HERE