10 May 07:44 PM

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Question about English (US)

Q1: Is my understanding correct?
Uber last borrowed money $76 billion from Toyota.
And at this moment people bought Uber's shares for $43.89 per share, which raised $74 billion.
So Uber is $2 billion in debt at this moment.

Uber was/is a huge company with a lot of cash.
Why did Uber borrow money from Toyota?

Uber Technologies Inc. fell in its trading debut, leaving the company’s market value below its last private funding round.

Shares of the ride-hailing giant opened at $42, under their IPO price of $45. They were down 2.5% to $43.89 at 2:36 p.m. in New York Friday, giving the business a market valuation of almost $74 billion. Uber last raised money from Toyota Motor Corp. in August at a valuation of about $76 billion.

The stock earlier dropped as much as 8.8% to $41.06 as U.S. equities extended losses, with the S&P 500 poised for its biggest weekly drop this year. Trade tensions between the U.S. and China are weighing on investors’ minds after President Donald Trump boosted tariffs on $200 billion in goods from China.

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Russian English (US)


Russian English (US)

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