per barclays the figure for uber is 500M a year not 300. 300 is the figure for lyft
market cap is the total value of the companies issued shares. they don’t have access to that money.
100m to fight a law that would cost them 500m/year seems like a good investment.
burning 2b last quarter is proof they can’t afford any additional costs as they already aren’t profitable.
adding 500m a year would be increasing their quarterly spend by > 10% just to service a single state
per barclays the figure for uber is 500M a year not 300. 300 is the figure for lyft
market cap is the total value of the companies issued shares. they don’t have access to that money.
100m to fight a law that would cost them 500m/year seems like a good investment.
burning 2b last quarter is proof they can’t afford any additional costs as they already aren’t profitable.
adding 500m a year would be increasing their quarterly spend by > 10% just to service a single state