The short seller's biggest annoyance. Jim Chanos is probably pissed off right now that another good short will be bailed out with private capital.
Uber has $9B cash on books in their latest 10-Q. I wonder if they'll burn some of that or will they issue new securities to finance this. It feels a little reckless to abandon half of your savings, especially as your cost of capital was just marked up and uncertain times are ahead.
Uber has $9B cash on books in their latest 10-Q. I wonder if they'll burn some of that or will they issue new securities to finance this. It feels a little reckless to abandon half of your savings, especially as your cost of capital was just marked up and uncertain times are ahead.