Uber, Shopify fall; Lyft, Arista Networks rise, Wednesday, 5/8/2024

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Stocks that traded heavily or had substantial price changes on Wednesday: Uber, Shopify fall; Lyft, Arista Networks rise The Associated Press By The Associated Press NEW YORK -- Stocks that traded heavily or had substantial price changes on Wednesday: Uber Technologies Inc., down $4.03 to $66.40. The ride-hailing company reported a surprising first-quarter loss and disappointing bookings results. Shopify Inc., down $14.32 to $62.73. The cloud-based commerce company gave investors a disappointing update to its financial forecast. Arista Networks Inc., up $17.68 to $291.67. The cloud networking company beat Wall Street's first-quarter earnings and revenue forecasts. Twilio Inc., down $4.75 to $58.62. The cloud-based communications company's revenue forecast for the current quarter fell short of Wall Street expectations. Rivian Automotive Inc., rose 2 cents to $10.27. The electric vehicle maker's first-quarter loss was bigger than Wall Street expected, but its revenue beat forecasts. Match Group Inc., down $1.69 to $29.82. The owner of Tinder, Match and other dating sites gave investors a disappointing revenue forecast for the quarter. Lyft Inc., up $1.18 to $17.78. The ride-hailing company beat analysts' first-quarter financial forecasts. Dutch Bros Inc., up $3.35 to $31.77. The drive-thru coffee chain raised its revenue forecast for the year.