News for hackers. Stuff that matters.

A comment on Uber Is Biggest Loser as SoftBank Counts IPO Returns. Parent comment

Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns by Retric on Wednesday August 07, 2019 @07:52PM (#20640454)
I think the people running it are focusing on management fees over returns. As long as they don’t lose money they can skim quite a bit.
[ Parent | on HN ]
Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns by umeshunni on Wednesday August 07, 2019 @08:05PM (#20640544)
But don't they need to show returns to their investors?
[ Parent | on HN ]
Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns by ngold on Wednesday August 07, 2019 @08:32PM (#20640712)
I imagine they just need to not lose too much. The whole thing is set up to buy everything for sale in case oil crashes.
[ Parent | on HN ]
Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns by hkmurakami on Wednesday August 07, 2019 @08:47PM (#20640796)
There's a reported annual returns benchmark they need to hit.
[ Parent | on HN ]