[lhorie]

Yeah, that's actually a pretty good point. Personally, I don't really pay that much attention to profitability of individual verticals because I hold similar opinions on cost attribution, but then again, I'm no accounting expert, so I don't know if my opinions are actually correct.

I think the narrative people are pushing about bleeding money on every ride is too simplistic though. I could definitely get behind an argument that, for example, driver incentives ought to be bucketed under mobility, but on the other hand, attributing a Didi valuation fluctuation to a business vertical is obviously silly. Personally, I'm not convinced that there are enough "hidden" losses in misc categories that are "rightfully" attributable to mobility to offset the Q3 performance, and my understanding is that many analysts are bullish on Uber right now because they see the trend in these metrics, adjusted as the metrics may be. I guess we'll see what happens next year.