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0 pointsAnimats9y ago0 comments

For an IPO, Uber would have to publish real audited GAAP financials. Those would look terrible. Uber's over-valuation would not survive.

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5 comments · 2 top-level

pfarnsworth9y ago· 3 in thread

You're naive if you don't think Uber already has audited financials. Investors wouldn't dump billions in if they didn't.

__derek__9y ago

JP Morgan Chase and Deutsche (not exactly the model for integrity) have recently opted not to work with Uber because of its lack of disclosure.[0] Besides, take another look at that table above: not a confidence-inspiring list.

[0] https://www.bloomberg.com/news/articles/2016-11-07/banks-sai...

pfarnsworth9y ago

There's also several links to sites that already have the financial data from Uber. Either you believe that those leaked financial data is real, or you believe they are fake.

If you believe the numbers and the scope of the loss, are you saying that they would have that data and allow that data to leak, but they wouldn't provide it to JP Morgan or DB?

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nerfhammer9y ago

GAAP : non-GAAP :: post-IPO : pre-IPO

khazhou9y ago

Sure it would. People would buy in, it would pop, etc.

Because UBER.

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