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I realize this is a complex deal with many nuances but do elements of all of this not sound a little bit like a ponzi scheme? At least outwardly? Didi which itself has lost billions dollars so far has agreed to invest a billion dollars into another company who has lost billions of dollars. I guess investors are that confident that Uber can not and will not fail?

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Apple invests $1 billion in Didi. Didi invests $1 billion in Uber.

In order for it to be a ponzi scheme the money being invested in Uber would need to be used to directly pay off previous investors. That is not happening. Investing in Uber may or may not turn out to be a good investment, but it's not a Ponzi scheme.

There is now money that can be taken off the table. You don't think investors are going to get any of that?

Shareholders selling stock to other investors is not the same thing as money owned by the company being used to pay off previous investors.

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