Saudi Arabia Joins SoftBank in Biggest-Loser Club with $1.1 billion Uber Loss

2019-10-23 20:00

Uber Technologies’ (NYSE:UBER) fifth largest shareholder, the sovereign wealth fund of Saudi Arabia, has now lost over a billion dollars by investing in the ride hailing firm. Based on the most recent holdings report to the SEC, the Kingdom of Saudi Arabia’s Public Investment Fund currently owns 72,840,541 shares in Uber Technologies.

PIF made the […]

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