Uber Lost FIVE BILLION DOLLARS Last Quarter

[Zhong Lu + 444]

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

Edited August 9 by Zhong Lu

[Zhong Lu + 444]

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 + 44]

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 by Danlxyz
correct name

[Zhong Lu + 444]

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 by Zhong Lu