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Lies, Damned Lies, and Uber
- quantified 3y ago> Naturally, there's no market for this stock, which, in Uber-land, means you can assign any value you want to it. So that one quarter, Uber just asserted that the stock had shot up in value and voila, profit! Reminds me of the Enron internal video where Jeffrey Fastow invents pretty much the same accounting trick. Watch "The Smartest Guys in the Room" again to see it. Bonus points if you catch the Trump Organization mention in the movie too.