According to Reuters, Uber Chief Executive Dara Khosrowshahi said that the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price. The comments from the executive continue after the fallout from Uber’s IPO, which was the most anticipated U.S. listing since Facebook. Khosrowshahi said that the “The timing of our IPO was very much aligned with our president’s tariff wars, the same day. So I think we got caught up a bit in the market swirl."

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