Uber’s shares have dropped due to a strong US dollar affecting its bookings outlook. The decline in foreign exchange rates reduces the value of revenue earned by the ride-hailing company from abroad. As a result, Uber’s earnings are impacted, causing investors to sell stocks, leading to a drop in share price.
Source: https://www.ft.com/content/936767e2-1c6b-428f-b137-ad1b1809df81