Uber’s double whammy: Uber’s financial troubles appear to only be getting worse, with a new report this morning that some early investors are looking to sell their shares amid third-quarter losses of $1.5 billion. That sale would drop the company’s valuation by 30 percent, Bloomberg reports. And that’s not all: A federal court hearing Tuesday revealed the company has a team “dedicated to spying on rival companies and ‘impeding’ legal investigations.” The Guardianreports:

The dramatic public testimony, on the eve of jury selection for the hotly anticipated civil trial over allegations that Uber stole trade secrets from Google’s self-driving car spinoff Waymo, came after it was revealed that Uber had withheld evidence, leading Judge William Alsup to delay the the trial indefinitely. ...

“If even half of what’s in that letter is true, it would be a huge injustice to force Waymo to go to trial” as scheduled, Judge Alsup said.

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