Uber hits fresh headwinds as shares extend losses

Uber shares went into a fresh skid Monday -- more bad news for the global ride-hailing giant, which endured steep declines in its hotly anticipated market debut last week. Shares in Uber tumbled 10.75 percent to close at $37.10 on the second day of trade on the New York Stock Exchange. Valued at some $82 billion in one of the biggest initial public offerings (IPOs) in the technology sector, Uber's debut Friday was a major disappointment, losing 7.6 percent.