> It took a $756 million pre-tax (non-cash) net benefit of unrealized gains related to reevaluating its equity investments. It means their stake in other companies had seen an appreciation in value, which the Company didn't sell or take profits as in unrealized gains and doesn't account for taxes as in pre-tax.
> The Company gained nothing and remains a bagholder in its equity investments, including DiDi, Aurora, Grab Holdings Inc. (NASDAQ: GRAB), and Zomato stakes.
Uber is turning into a financial company like other transportation giants (Delta, AA). Maybe for the best, as I think everyone understands that self driving Uber is a pipedream.