Shares of Uber continued to sink on Monday, posting its lowest close ever, after the company reported disappointing second-quarter results last week.
Investors continue to remain skeptical about whether or not Uber can achieve profitability in the future. Those concerns have put Uber and rival ride-hailing firm
's shares under pressure in the months since their respective IPOs. Shares of Lyft fell 4.9% on Monday.that the company needs to dominate in more areas than just Uber Eats and ride-share in order to become profitable. "They've got to be that A-to-Z for transportation," Tusk said. "Whether you're getting yourself to A-to-B on a bike, scooter, or a car, bus, whether furniture being shipped on a truck, or a burrito from a messenger, they've got to be the default for all of that."
Correction: This story has been updated with the correct percentage fall of Uber's stock from IPO price.
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