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Wow those are some heavy risk disclosures: We have incurred significant losses since inception, including in the United States and other major markets. We expe
by datdata 7y ago
Wow those are some heavy risk disclosures:
We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.
Our business would be adversely affected if Drivers were classified as employees instead of independent contractors.
If we are unable to attract or maintain a critical mass of Drivers, consumers, restaurants, shippers, and carriers, whether as a result of competition or other factors, our platform will become less appealing to platform users.
We may fail to develop and successfully commercialize autonomous vehicle technologies and expect that our competitors will develop such technologies before us, and such technologies may fail to perform as expected, or may be inferior to those developed by our competitors.
- kevstev 7y agoeh, those are more CYA than anything. Yes, these are risks, but thats in plain sight. Its about disclosing all the ways you could fail, however obvious, to avoid a lawsuit. There are lots of scary statements like that in most financials.
- rossdavidh 7y agoYes, but...they are all not even all that unlikely, in this case. This looks to me like "IPO now because this is as good as it will ever get".