There’s something suspect/weird that needs unpicking on why such a flow of cash has gone into Uber. Emperor’s New Clothes? Some elaborate financial engineering? But not sure this is it. For a start, IPO proceeds went to the company, not SoftBank, et al. https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm#toc647752_5
I’m not sure what the thread’s author means by “laundering”, but usually it would imply taking dirty money, you know - cleaning it, and getting it back. Not sure anyone investing has made money unless they have an expense account (anyone getting fees has made $$, for sure).
Uber defies any rational logic as a standard investment. I mean, guys!
You can follow @jwestjourno.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.