Look How Uber's Investors Have Also Funded Some of Its Biggest Critics

That's how the Valley works. Everyone is invested and cross-invested in each other. It's one of the reasons why quote unquote unsuccessful companies can be acquired rather than go bankrupt. Cross investors perform a soft landing for those don't hit growth.

Also, it goes without saying that in the U.S. stock market, the big mutual fund companies own positions in everyone. Fidelity has tons of conflicts between competitors owned in its own portfolio.