Morgan Stanley CEO says Uber investors need to be patient

James Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019. Photographer: Simon Dawson/Bloomberg

James Gorman said that investors upset about Uber Technologies Inc.’s stock slide should take a longer view.

“You should buy into IPOs to hold them, because you believe in the company,” Morgan Stanley’s chief executive officer told reporters after the firm’s annual shareholders meeting Thursday. “I’m not going to predict the future of the stock, but yeah, Uber’s a great company.”

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