Legal contingencies still a mystery at Uber: Can SEC comment letters shine a light?

The NY Attorney General just fined Uber and Lyft $328 million for wage theft. Do Uber's disclosures tell us enough about this and other legal issues the company is facing?

I co-authored a post with Olga Usvyatsky at her new newsletter, Deep Quarry, about the strange phenomenon of Uber’s legal contingency balance. It doesn’t move! That’s despite oodles of legal issues and lots of accruals.

That’s some snazzy accounting work!