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Re: Uber Files For IPO, Discloses $12 Billion In Losses Since 2014.LOL 

By: nacl01 in POPE 5 | Recommend this post (2)
Sat, 13 Apr 19 4:15 PM | 54 view(s)
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Msg. 30151 of 62138
(This msg. is a reply to 30040 by micro)

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HOW does a non publicly traded company rack up 12 BILLION DOLLARS of debt

They don’t own the cars and they only pay the drivers when they have taken a fare. I know they have some legal costs for running over the lady in Tempe, but that can’t account for this level of debt.

nacl




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Re: Uber Files For IPO, Discloses $12 Billion In Losses Since 2014.LOL
By: micro
in POPE 5
Fri, 12 Apr 19 2:33 PM
Msg. 30040 of 62138

HOW does a non publicly traded company rack up 12 BILLION DOLLARS of debt and still be in business?

IF one invests money into this stock kiss your money goodbye...... WHY would anybody invest in something that simply hemorrages cash?


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