Re:Uber loses $2.9B, offloads bike and scooter business
by mxschumacher on Friday May 08, 2020 @06:22PM
(#23120206)
They are swapping equity. Uber exchanges its ownership of jump against shares of lime. It's a common operation and uber has done it many times. It's not directly tied to losses, because the value of the transaction is based on the operational performance of both businesses. It's not shady.
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