Uber Lost FIVE BILLION DOLLARS Last Quarter

[Zhong Lu + 793]

Personally I'm wondering how that's possible.  Don't like jumping in with the crowd, but obvious short is obvious.  

Edited August 9, 2019 by Zhong Lu

[Zhong Lu + 793]

If the loss of 5 billion dollars in a quarter can't make the stock drop below 39, what can?  I'm out.  Wash trade.  

[Danlxyz + 50]

Wolf Richter breaks it down.  Apparently there was a large non cash expense.

"And it included the $3.9 billion in costs of its stock-based compensation plans related to the IPO."

Edited August 9, 2019 by Danlxyz
correct name

[Zhong Lu + 793]

Ok. Then they lost ONE BILLION DOLLARS last quarter.  Does that sound like a stock that should be above 40? 

Honestly I'm thinking of buying the stock now.  It trades on MAGIC PIXIE DUST and those stocks are the best.   

Edited August 9, 2019 by Zhong Lu