Jargon File Quotes

Here, I must say that some terminology in the language of finance is slightly misleading. Uber’s “loss” largely means heavy investments in other businesses and stock-based compensation stemming from the company's initial public offering. Unsurprisingly, Travis Kalanick, Uber’s co-founder, sold nearly $1 billion in company shares the moment Uber’s IPO lockup period (read: the timeframe when you can’t sell your shares) was over. Duh. When a company files for an IPO instead of bankruptcy, the IPO should be renamed a bailout—because modern business solutions require modern business jargon. #sarcasm

Everyone needed a laugh and enjoyed one. Steven felt like he was on a roll and kept going, “The first step is to beat them to the courthouse and file a lawsuit to get a good title. It’s called an action to quiet a title. Legal jargon. That will start a big fight in the court and it will drag on for some time. You will be named as the plaintiff, another legal term, which means you’re the person bringing the lawsuit.