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NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
NEW YORK, N.Y. — Monday morning, an ICU nurse became the first person in New York state to receive the first dose of Pfizer's two-dose COVID-19 vaccine. The nurse, who works at Long Island Jewish Medical Center in Queens, received the vaccine during a live stream with Governor Andrew Cuomo. Following the administration of the shot, those in attendance applauded. 372

NEW YORK, N.Y. — A man was fatally shot by police after shots rang out at the end of a Christmas choral concert on the steps of a Manhattan cathedral on Sunday, officials said. The shooting happened just before 4 p.m. at the Cathedral Church of Saint John the Divine, mother church of the Episcopal Diocese of New York and seat of its bishop. 350
NFL and NFL Players Association data for the week of Oct. 25-31 show eight new confirmed positive COVID-19 tests among players, and 17 new confirmed positives among other personnel.A total of 42,916 tests were administered to 7,884 players and team personnel. There were 16,814 tests administered to 2,511 players; 26,102 tests were administered to 5,373 personnel.During this period, players and Tier 1 and 2 personnel were tested daily. Tier 3 individuals were tested weekly. Individuals who test positive are immediately isolated, not permitted access to club facilities, or have direct contact with players or personnel. Club medical staffs are in regular communication with individuals who test positive to monitor symptoms.Total test results for the entire period of Aug 1-Oct 31 show 63 players and 99 other personnel were confirmed with positive cases. More than 550,000 tests were administered to players and personnel during that period. 955
NIWOT, Colorado — The last of Crocs Inc.'s manufacturing facilities, located in Italy, is going to close, the company announced.It also closed its plant in Mexico. Crocs leaders did not give information on how it will continue producing its products during its second-quarter earnings report this week.The company grew its second-quarter earnings and revenue by 4.7 percent year-over-year. But Crocs Inc. is operating fewer stores.The company has not said if it plans to shutter more stores in the U.S. It expects revenue to increase, in the single digits, by the year's end. The cost of closing the manufacturing facilities in 2018 is million, the Daily Camera reports.Crocs Inc.'s chief financial officer, Carrie Teffner, plans to resign from the company effective April 1, 2019. Anne Mehlman will take her place. 857
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