COMMENT:

Uber, the face of collaborative consumption, had its long-awaited sharemarket debut that went about as well as expected.

Instead of being hailed by investors as a vehicle on the road to riches, Uber shares took a ride down into the doldrums.

Some of the sharemarket float fiasco for Uber can be explained by the general bearish sentiment caused by the United States versus China trade war that's stoked by the Trump administration.

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