Its weird they'd use Pitchbook as their source for funding when Uber disclosed information in their S1 under the table titled "Redeemable Convertible Preferred

Its weird they'd use Pitchbook as their source for funding when Uber disclosed information in their S1 under the table titled "Redeemable Convertible Preferred Stock". See page F-51 here: https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm https://www.sec.gov/Archives/edgar/data/1543151/000119312519... From that table, they didn't raise 15B at 48.77 but closer to 8B. The article is off by 50%. Still a stunning amount of money under water. What's also not highlighted in the article is that holders of that series G preferred stock are entitled to a $3.90 annual dividend per share (again, see the table in the S1). If you assume a 10% discount rate for 5 years of dividends, that dividend is worth like $14 per share today. So maybe they aren't as under water as the article claims. [EDIT:] if you read further along, it looks like Series G got converted to common stock in 2018, so they no longer get paid this dividend. That said, people who bought common stock do not get dividends as of today.