{"id":101493,"date":"2019-05-11T11:24:51","date_gmt":"2019-05-11T11:24:51","guid":{"rendered":"https:\/\/www.ccn.com\/?p=179144"},"modified":"2019-05-11T11:24:51","modified_gmt":"2019-05-11T11:24:51","slug":"uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss","status":"publish","type":"post","link":"https:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/","title":{"rendered":"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss"},"content":{"rendered":"<p>By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the biggest losers. The fund bought in at $48.77 a share, far higher than Uber\u2019s debut price of $42. At the time of writing Friday, Uber shares were fluctuating between about $42 and $45. Uber IPO Leaves Mighty Wake The Saudi Arabian fund, which is the country\u2019s main investment fund, sank $3.5 billion into Uber <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.ccn.com\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\">Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.ccn.com\/\">CCN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the bigg&#8230;<\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2200],"tags":[641,1766,8806,11273,2721],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss - WebDomino.NET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss - WebDomino.NET\" \/>\n<meta property=\"og:description\" content=\"By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the bigg...\" \/>\n<meta property=\"og:url\" content=\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"WebDomino.NET\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-11T11:24:51+00:00\" \/>\n<meta name=\"author\" content=\"CryptoCoinsNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CryptoCoinsNews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/\",\"url\":\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/\",\"name\":\"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss - WebDomino.NET\",\"isPartOf\":{\"@id\":\"https:\/\/webdomino.net\/#website\"},\"datePublished\":\"2019-05-11T11:24:51+00:00\",\"dateModified\":\"2019-05-11T11:24:51+00:00\",\"author\":{\"@id\":\"https:\/\/webdomino.net\/#\/schema\/person\/fdd5a1b1405fd5acd8509536bf2611f1\"},\"breadcrumb\":{\"@id\":\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/webdomino.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/webdomino.net\/#website\",\"url\":\"https:\/\/webdomino.net\/\",\"name\":\"WebDomino.NET\",\"description\":\"Global NEWS WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/webdomino.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/webdomino.net\/#\/schema\/person\/fdd5a1b1405fd5acd8509536bf2611f1\",\"name\":\"CryptoCoinsNews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/webdomino.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b73197b86549f7bcaacf22f8e8fba200?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b73197b86549f7bcaacf22f8e8fba200?s=96&d=mm&r=g\",\"caption\":\"CryptoCoinsNews\"},\"url\":\"https:\/\/webdomino.net\/index.php\/author\/cryptocoinsnews\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss - WebDomino.NET","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/webdomino.net\/index.php\/cryptocoinsnews\/uber-ipo-smacks-saudi-wealth-fund-with-200-million-loss\/","og_locale":"en_US","og_type":"article","og_title":"Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss - WebDomino.NET","og_description":"By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. 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