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by spywaregorilla
1763 days ago
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This is extremely difficult to read edit but I do want to address this point: > Nope. It is not. Dull claim requires a dull answer but I’ll do you one better. Uber just raised $1.5B in senior notes due 2029. In plain language, this means that Uber is capable of raising money when it needs because there are investors out there who did their due diligence and concluded Uber will be good for its word. $1.5B is less than 6 months of operating costs for Uber. This comment also excludes any information on the interest rate of the debt being raised here. Is it a low interest debt because the lenders have confidence in the company? Is it a high interest predatory loan because Uber is desperate and needs cash? The fact that someone can get a long term note is, on its own, not useful information at all. |
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