The plaintiffs additionally contended that at the end of the second quarter of 2019, which closed after the IPO, Uber recorded a loss of $5.2 billion, "its largest quarterly loss ever." The company allegedly failed to disclose that "as of the IPO, Uber's revenue growth rate was stagnating or declining…due in substantial part to the Company's pre-IPO decision to significantly increase the amount of subsidies given to Uber drivers and customers for using and providing Uber's ride and meal delivery services" in an effort to gain market share over the competition. Lastly, the plaintiffs alleged that Uber did not sufficiently inform investors about the likelihood that it would have to reclassify drivers as employees and the effect that this would have on its operations. Furthermore, Uber also purportedly did not adequately disclose how its business policies and practices "subjected it to decreased revenue growth as a result of adverse regulatory actions" by various jurisdictions, who could shut Uber out of important markets.