That's what this article implied (link)
Hot-linked article implied it was stock compensation for drivers
However I found another article that worded it a bit differently. So maybe not all the stock compensation went to drivers.
"The quarterly results, Uber's largest loss, were hampered by a $3.9 billion one-time stock-based compensation item stemming from the company's May IPO, as well as a driver appreciation rewards totaling nearly $300 million."
https://www.sfgate.com/business/article/Uber-reports-loss-of-5-2-billion-in-the-wake-of-14291105.php
@HokieSignGuy
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In response to this post by PhotoHokieNC)
Link: Uber's $5.4B loss tied to driver-appreciation payout
Posted: 08/08/2019 at 8:41PM