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I mean, worst case they have to sell their assets, which have value. Unlike Uber if it goes away there isn't much to sell besides their offices.
by sieabahlpark 7y ago
I mean, worst case they have to sell their assets, which have value.
Unlike Uber if it goes away there isn't much to sell besides their offices.
- ulfw 7y agoThey’re mostly just leasing, not owning.
- Traster 7y agoThis incorrect. The vast majority of their properties are leased on long-term agreements. Which means whilst these leases might make them money if they can rent them out for a good price, they're actually a liability since they're obliged to pay the leases even if they can't rent out the space.
- toomuchtodo 7y agoThey will strategically default when the time comes. Their leasing structure lends itself to that sort of financial maneuver.