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Softbank To Pretend Ubers Self Driving Division Is Worth Something.

everythingsuber

Well-Known Member
"Ok if we spend a billion pretending driverless vehicles aren't a joke will it help us get some money back from this disaster?"


"A consortium that includes SoftBank Group is in late-stage talks to invest $1 billion or more in Uber Technologies Inc.’s self-driving vehicle unit, according to people familiar with the negotiations, a move that would help the ride-hailing firm make its pitch to investors ahead of its eagerly anticipated IPO."
 

TheDevilisaParttimer

Well-Known Member
"Ok if we spend a billion pretending driverless vehicles aren't a joke will it help us get some money back from this disaster?"


"A consortium that includes SoftBank Group is in late-stage talks to invest $1 billion or more in Uber Technologies Inc.’s self-driving vehicle unit, according to people familiar with the negotiations, a move that would help the ride-hailing firm make its pitch to investors ahead of its eagerly anticipated IPO."
This is part of the pump and dump.
 

mbd

Well-Known Member
Uber And Lyft supposedly worth combined at 140 billiOn...not profitable

Ford+GM+ delta + American Airlines+ south west + united combined worth around 140 billion🤔, total cash flow positive over 55 billiOn per year ( they have debt)

So you can buy 6 companies for the combined market cap of U/L
Post automatically merged:

"Ok if we spend a billion pretending driverless vehicles aren't a joke will it help us get some money back from this disaster?"


"A consortium that includes SoftBank Group is in late-stage talks to invest $1 billion or more in Uber Technologies Inc.’s self-driving vehicle unit, according to people familiar with the negotiations, a move that would help the ride-hailing firm make its pitch to investors ahead of its eagerly anticipated IPO."
they are trying to spin Uber as a TSLA, TSLA is manipulated as a software company , thus the higher multiple.
 

goneubering

Well-Known Member
"Ok if we spend a billion pretending driverless vehicles aren't a joke will it help us get some money back from this disaster?"


"A consortium that includes SoftBank Group is in late-stage talks to invest $1 billion or more in Uber Technologies Inc.’s self-driving vehicle unit, according to people familiar with the negotiations, a move that would help the ride-hailing firm make its pitch to investors ahead of its eagerly anticipated IPO."
No deal yet. They’re just talking at this point. Talk is cheap.
 
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