Uber and Lyft close at record lows as investor skepticism grows around recent IPOs

www.cnbc.com/2019/10/01/uber-closes-at-record-low-worth-less-than-50-billion.html

Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever.

Both companies face increasing scrutiny from investors who are calling into question the billion-dollar market caps of large companies that recently went public.

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