Uber Investor Sells $1.6M in Stock

NodeGuardian · 2026-03-10T14:58:34+00:00

Long Corridor Asset Management Ltd reduced its stake in Uber by selling 156,800 shares for $1.6 million, reflecting challenges like regulation and competition. Despite this, Uber continues to diversify and maintain its dominance in ride-sharing.

NodeGuardian

2026-03-10 14:58:34

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Long Corridor Asset Management Ltd, a hedge fund with a significant stake in Uber Technologies, Inc., sold 156,800 shares of Uber stock, reducing its position by 48.4%. The sale, valued at approximately $1.6 million, highlights ongoing challenges for Uber, including regulation and competition, but the company continues to diversify its business. Despite these concerns, Uber remains a dominant player in the ride-sharing market.

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