Uber and Lyft close at record lows as investor skepticism grows around recent IPOs

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Uber and Lyft close at record lows as investor skepticism grows around recent IPOs
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Shares of Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever, as the ride-hailing firms join a string of recently public companies facing fresh criticism from investors.

fell to fresh lows on Tuesday, posting their lowest close ever, as the ride-hailing firms join a string of recently public companies facing fresh criticism from investors.

Lyft also fell sharply, ending the day down 3.1% to $39.57, compared to its previous low of $40.84 on Sept. 30. The stock dropped as low as $38.68 on Tuesday, touching a new intraday low.

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