https://wccftech.com/uber-trading-volume-7x-invetors-dump/

Ride-hailing application Uber's six-month lockup period following its IPO has now expired. In its third-quarter 2019 earnings, Uber (NASDAQ:UBER) reported a $585 million net loss, which is down from the $458 million loss that the company had reported in the year-ago quarter. Its CEO Dara Khosrowshahi hopes that his company will achieve full profitability by the year 2021. Now, following its lockup expiration, Uber's shares are being traded aggressively on the market. Take a look below for more details.

As per its prospectus, 1 billion of Uber's shares sold at the time of the company's IPO were locked, meaning that investors were prohibited from trading in them for a six-month time period. The stock has fallen since then, as while investors purchased the shares at a price of $33/share, the shares opened at $26 today.