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ROSEN, A LEADING GLOBAL LAW FIRM, Reminds Uber Technologies, Inc. Investors of Important December 3rd Deadline in Securities Class Action

NEW YORK, Nov. 10, 2019 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Uber Technologies, Inc. pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Uber's May 2019 initial public stock offering (the "IPO" or the "Offering") of the important December 3, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Uber investors under the federal securities laws.
ROSEN, A LEADING GLOBAL LAW FIRM, Reminds Uber Technologies, Inc. Investors of Important December 3rd Deadline in Securities Class Action
To join the Uber class action, go to https://www.rosenlegal.com/cases-register-1650.htmlA or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.comA or cases@rosenlegal.comA for information on the class action.NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1)A atA theA timeA ofA theA Offering,UberA wasA rapidlyA increasing subsidies for drivers and customers' rides as well as meals in a bid for market share, which caused Uber's sales and marketing expenses to swell; (2) defendants were cutting, or planned to cut, costs in key areasA that undermined Uber's central growth opportunities; and (3) as a result, defendants' statements about Uber's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
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