If it were a public company sure but it's difficult to find a counterparty (at some point of the hedging process, somebody is gonna need to settle the trade wit

If it were a public company sure but it's difficult to find a counterparty (at some point of the hedging process, somebody is gonna need to settle the trade with a share of Uber stock, and Uber stock is notoriously illiquid, and we're back to step 1).