Jul. 24 at 4:16 PM
$WRD if my math is right and my understanding of the deal is right, then UBER's paper loss is about
$120MM on its equity investment in WeRide. The shares were about
$7.530 at the time of the 13G filing.
UBER is used to billion dollar losses before profitability (UBER own start up on
$32B in losses from 2014-2022, peak loss in 2019 of
$9B, then there wasUBER Eats and now it is WRD).