Uber IPO Looks Less Appealing After Firm Loses $8.6 Million in Texas

The Uber IPO is starting to look less appealing for investors after a major issue in Austin, Texas. You see, the company lost on a ballot known as Proposition 1, which would have overturned requirements for more detailed driver background checks. Uber decided to threaten that it would suspend its services in one of America's biggest cities. Why would it do this? Here's everything you need to know... Tags: Uber IPO To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Uber IPO Looks Less Appealing After Firm Loses $8.6 Million in Texas appeared first on Money Morning - We Make Investing Profitable .