Uber CEO Warns In Staff Email 'Tough Public Market' Could Last Months

Uber CEO Dara Khosrowshahi, in an email to staff Monday, acknowledged Uber’s rocky trading debut, while at the same time saying that tech giants Facebook and Amazon also faced difficulties after listing.

“Obviously our stock did not trade as well as we had hoped post-IPO. Today is another tough day in the market, and I expect the same as it relates to our stock," he wrote in the email obtained by Bloomberg News. Uber’s shares fell as much as 11% in trading today, after its debut on Friday. “Sentiment does not change overnight, and I expect some tough public market times over the coming months.”