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after making huge stock-based payouts in the months following its initial public offering.
SO their investors got a huge payout subsidised from the IPO. Why am I not surprised
I wonder how much Mr K and Black Rock got
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Uber continued to spend heavily on sales and marketing, which includes costly promotions designed to attract riders and drivers. Those expenses grew to $1.22 billion, up 71% compared to last year. The cost of price wars and retaining drivers while competing with rivals such as Lyft has been a strain on its ability to turn a profit.
and will be for evermore