The KUIK Closing Market Report for Tuesday, December 29:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 193 points 17,721 2:07 PM
S&P500 Up 1.1% percent 2,078 21.86
Nasdaq Composite Up 1.3% percent 5,108 66.95
30 Year Treasury Up 10 Basis Points 3.04 Annual Yield
Sidecar, one of the first app-based ride-hailing startups, said today it is going to shut down. The San Francisco company has been overshadowed by rivals Uber and Lyft. It pivoted to delivering goods through its network of drivers, but said that all operations will cease on New Year’s Eve. Sidecar was founded in 2011, after Uber and before Lyft.The company raised $35 million in venture funding according to CrunchBase.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/uber-rival-sidecar-to-cease-operations-2015-12-29?dist=countdown
For today’s Closing Market Report click to listen->