Goldman Sachs dumped its entire stake in Uber late last year

Investing

Dara Khosrowshahi

Patrick T. Fallon | Bloomberg | Getty Images

Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move.

The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’ expectations for revenue in the period.

It couldn’t be immediately determined why the bank sold its stake. In the past, Goldman’s public and private holdings in companies from Uber to WeWork have caused volatility in quarterly results, and the firm recently changed its reporting segments to move those activities to its asset management division.

Products You May Like

Articles You May Like

From $0 To Millionaire | Investing For Beginners
This Wall Street legend’s 10 rules for investing are very applicable to today’s bull market
The 5 best Amazon deals you can get this Friday
How Hard Is It For Your Aging Parent To Start Dating Again?
Lead Generation With Phone Scripts and Intake Forms

Leave a Reply

Your email address will not be published. Required fields are marked *