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The way to read it is, there is a report, Benchmark (the board) was not aware of it. It's an acknowledgement of the report - as it is from the court case - but
by openmosix 9y ago
The way to read it is, there is a report, Benchmark (the board) was not aware of it. It's an acknowledgement of the report - as it is from the court case - but not about its content.
- jacquesm 9y agoIf there wasn't anything bad in the report we wouldn't be having this conversation.
- revelation 9y agoIf there was anything bad in the report they would have come out and said so in the complaint. It's not a magic game of telephone. they would have had a material impact on Benchmark's decision is probably the weakest possible complaint.
- nostrademons 9y agoBenchmark has a very strong interest in not publishing more negative stuff about Uber than they absolutely have to to gain control. They're the largest shareholder and need to liquidate their position in the near future; any wrongdoing beyond what they absolutely must claim to get a judge to hear their evidence behind closed doors is not in their self-interest.
- jacquesm 9y agoThey have a conflict of interest there. They need to do what they can to get as much control as they can without damaging the value of their shares. There is no fine line there, there is considerable overlap and no matter what they do their shares will drop in value. It's a risky game at best.