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>In this past quarter, they acknowledged this stake was worth 3.2b less than it was recorded as in their books. Lol, how does that happen, honestly.
by moralestapia 5y ago
>In this past quarter, they acknowledged this stake was worth 3.2b less than it was recorded as in their books.
Lol, how does that happen, honestly.
- vineyardmike 5y agoTLDR: Chinese Government. Chinese Government announced it was investigating Didi for national security, which is usually code for corruption/ scaring management into greater compliance. Didi was a massively valuable Chinese company Uber owned a significant amount of. When the stock value crashed (-23% this quaarter), it destroyed a significant amount of book-value for uber who owned it.
- moralestapia 5y agoThanks, I didn't knew that story.