Uber shares fall to record low

Uber Technologies Inc fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company's initial public offering.

Uber made its market debut at $45 per share in May, but has since lost more than 40% in value as the loss-making company struggled to retain investor confidence.

Much of Uber's nearly 1.68 billion outstanding shares were under lock-up. In the IPO filing, Uber had said about 76% of its shares held by insiders, venture capitalists and other investors were under the restriction.