Uber Technologies Inc (NYSE:UBER) stock slid after the company’s first biennial US safety report revealed more than 3,000 reports of sexual assaults on 1.3 billion rides last year.
The 84-page report, released Thursday, actually showed a 16% decrease in the five most serious categories of sexual assault reported from last year, according to a report from Reuters.
The ride-sharing company saw shares fall 2.3% overnight to $27.98.
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Specifically, the document revealed 235 instances of “non-consensual sexual penetration” and 280 of “attempted non-consensual sexual penetration.” Uber's report noted that passengers aren’t the only ones facing risks but that nearly all the incidents were reported by women.
Overall, Uber said, 99.9% of its 2.3 billion US rides in 2017 and 2018 were completed without incident.
The release of the report comes less than two weeks after regulators in London cited a “pattern of failure” on the part of the company and denied it a new license to operate in the city.
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