-Uber sells stake in thing to parent Softbank
-Uber books profit
-Softbank writes up the value of its stake in Uber.
-Meanwhile, Tencent also writes up its investment in Uber, passing it thru to earnings, driving up its share px, which in turn passes thru to its parent Naspers.
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Where may we have seen this sort of approach before?
Anyone? Anyone? Class?
En-something.
Anyone? Anyone?
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This sounds like the first few lines of one of those internet jokes about taking cows and securitising the milk, etc.
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I just don't understand why there hasn't been a crash yet (and tbf FT has a whole "this is nuts when's the crash" series.
Am I just thick or are all tech cos on the verge of massive exponential profits?
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heh @ strutts
ain't almost dotcom Cos (and their key investors) relying on this?
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