That's even more money than Uber torched, seeking to maintain the illusion they will be able to create monopolies in transport and the labor market for driving and recoup the billions the Saudi royal family lent them for the con:
Don't worry: the Saudis are OK! They cashed out at IPO, collecting a tidy profit at the expense of retail investors who assumed that a pile of shit as big as Uber must have a pony under it, somewhere: