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The short seller's biggest annoyance. Jim Chanos is probably pissed off right now that another good short will be bailed out with private capital. Uber has $9B
by anthony_r 6y ago
The short seller's biggest annoyance. Jim Chanos is probably pissed off right now that another good short will be bailed out with private capital.
Uber has $9B cash on books in their latest 10-Q. I wonder if they'll burn some of that or will they issue new securities to finance this. It feels a little reckless to abandon half of your savings, especially as your cost of capital was just marked up and uncertain times are ahead.
- rmrfstar 6y agoIt's about establishing a monopsony for contract drivers. Uber and Lyft are duking it out for those monopoly dollars.