Uber to Sell China Business to Rival Didi After Losing Billions

Re:Uber to Sell China Business to Rival Didi After Losing Bi... by bogomipz on Monday August 01, 2016 @05:13AM (#12201043)

I realize this is a complex deal with many nuances but do elements of all of this not sound a little bit like a ponzi scheme? At least outwardly? Didi which itself has lost billions dollars so far has agreed to invest a billion dollars into another company who has lost billions of dollars. I guess investors are that confident that Uber can not and will not fail?

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Re:Uber to Sell China Business to Rival Didi After Losing Bi... by Eutow on Monday August 01, 2016 @08:57AM (#12201970)

Apple invests $1 billion in Didi. Didi invests $1 billion in Uber.

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Re:Uber to Sell China Business to Rival Didi After Losing Bi... by harryh on Monday August 01, 2016 @11:53AM (#12203381)

In order for it to be a ponzi scheme the money being invested in Uber would need to be used to directly pay off previous investors. That is not happening. Investing in Uber may or may not turn out to be a good investment, but it's not a Ponzi scheme.

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Re:Uber to Sell China Business to Rival Didi After Losing Bi... by bogomipz on Monday August 01, 2016 @06:55PM (#12206696)

There is now money that can be taken off the table. You don't think investors are going to get any of that?

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Re:Uber to Sell China Business to Rival Didi After Losing Bi... by harryh on Monday August 01, 2016 @07:42PM (#12206931)

Shareholders selling stock to other investors is not the same thing as money owned by the company being used to pay off previous investors.

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