Re:Uber S-1
by parthdesai on Thursday April 11, 2019 @05:38PM
(#19639497)
I think it's the investment round in which SoftBank invested around $3.5 billion.
Re:Uber S-1
by acq_question on Thursday April 11, 2019 @09:52PM
(#19641222)
Dont mix up cash flow from financing activities with profit from sale of operational piece of the business ;). One is just a cash flow/balance sheet piece the other gets reflected in income ;)
We have incurred significant losses since inception. We incurred operating losses of $4.0 billion and $3.0 billion in the years ended December 31, 2017 and 2018, and as of December 31, 2018, we had an accumulated deficit of $7.9 billion.
But net income buoyed by Other income (expense), net [0]: What is that $4.99BB "Other" income?[0]: Includes gain on divestiture of $3,214BB, plus unrealized gain on investments of $1,996BB.
(edit, format)