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Today's market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber.Uber's IPO may be raising less money than had originally been expected due to a cooling off of investor enthusiasm for stocks in general and for ride-hailing services in particular.
Uber's great challenge is to convince investors that ongoing losses are optimal for the company's pursuit of dominant market share. Lastly, the recent strikes by Lyft and Uber drivers may have cast a pall over the category in the media, but we'll see if investors are concerned at all about this ongoing issue.
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