Uber Files IPO & Amazon Warns of "Multibillion-dollar Failures"

Uber Files IPO

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, April 11. Major U.S. stock indexes remained relatively flat and closed with mixed results. The Dow Jones Industrial Average and NASDAQ fell 0.1% and 0.2%, respectively, and the S&P 500 saw fractional gains. Meanwhile, Uber filed paperwork to launch its IPO with a target valuation of up to $100 billion. The SEC filing showed that the company lost $1.8 billion in 2018. Also making headlines, Amazon CEO Jeff Bezos warned shareholders of the potential for “multibillion-dollar failures” on some company projects. Amazon’s stock closed the day down 0.2%

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