Its IPO Document Shows the Massive Extent of Uber’s Card Business

Uber filed to go public this week in what will almost certainly be the largest public offering of the year (unless Ant Financial decides to go public). Now while there are no shortage of pieces on the numbers and how the company actually posted a profit in 2018, some of the more underreported numbers are on the card processing side, the company doing "$43.5 billion in card volume" with a likely $1bn+ in processing fees.


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