News for hackers. Stuff that matters.
Re:Uber opens at $42 per share by ufmace on Friday May 10, 2019 @06:21PM (#19882825)
I get that, as odd as it is. But my understanding was that Uber wasn't doing that at all. I haven't heard of them using slightly dubious accounting tricks to pay more money to shareholders while showing no paper profit. I thought their expenses were simply way ahead of their revenues with no clear way to bridge the gap, and the shareholders are losing money and being diluted too.

There are no comments on this comment yet.