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Except, is ATG equity actually worth real money? Seems to me this is a clear attempt to get ATG off the books (16% of net loss in Q3 was due to ATG https://inv
by keyanp 6y ago
Except, is ATG equity actually worth real money?
Seems to me this is a clear attempt to get ATG off the books (16% of net loss in Q3 was due to ATG https://investor.uber.com/news-events/news/press-release-details/2020/Uber-Announces-Results-for-Third-Quarter-2020/ https://investor.uber.com/news-events/news/press-release-det...). If Uber felt that ATG would actually deliver eventually, I doubt they'd be doing this deal to rid themselves of the department.
- tylerhou 6y agowmf was referring to last year's valuation of Uber's stake in ATG, hence "down round." Uber ATG was reportedly worth $7.5 billion April 2019 (giving Uber an ~$6 billion stake). [https://www.businessinsider.com/uber-atg-raises-1-billion-for-self-driving-from-softbank-toyota-valued-at-7-billion-valuation-2019-4 https://www.businessinsider.com/uber-atg-raises-1-billion-fo...]