How Otto Defied Nevada and Scored a $680 Million Payout from Uber - Backchannel

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Backchannel

How Otto Defied Nevada and Scored a $680 Million Payout from Uber Backchannel Within just a couple of months, ride-sharing unicorn Uber had acquired the fledgling Otto in exchange for 1 percent of the company's stock (representing $680 million) and 20 percent of any future self-driving trucking profits — a payout that could ...

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