wmf 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

wmf 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...]