"the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it" (#JKGabraith)
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Uber's $394m gains this quarter come from paper gains to untradable shares in its loss-making rivals - #Didi, #Grab, #Aurora - who swapped stock with Uber in exchange for Uber's own loss-making overseas divisions.