Question: why uber stock is down?
Answer: On March 18, Uber stock plunged as much as 27.5% to an all-time low of 13.71, as the coronavirus outbreak spread. ... In response, Uber stock surged more than 38% to close at 20.49. On May 12, Uber rallied 2.4% amid reports that the ride-sharing service made an offer to acquire Grubhub (GRUB).