Uber Technologies, Inc.
|Company Name||Uber Technologies, Inc.|
On July 10, 2022, The Guardian published an article alleging that 124,000 leaked documents revealed, among other things, that Uber broke local laws when entering new markets, lobbied politicians to intervene in investigations against Uber, and utilized “kill switches” to cut off access to company documents to thwart law enforcement raids.
On this news, Uber’s stock fell $1.15, or 5.1%, to close at $21.19 per share on July 11, 2022, thereby injuring investors.
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