The biggest loser of 2016 was not the Uber acquisition but the acquisition of a startup.
As Uber’s stock price tumbled after the acquisition was announced, it was the startup that lost the most.
Uber was acquired by Google for $680 million in cash and shares, according to Bloomberg.
That acquisition was a major coup for Google, as it could use a ride-sharing company to provide its own self-driving cars, a strategy that has proven popular with drivers.
It also provided the company with an easier-to-operate and cheaper alternative to ride-hailing companies like Uber.
But Uber’s business has been suffering for some time.
In October, the company lost $1 billion in cash, $2 billion in stock and $2.2 billion worth of its investments, according the Wall Street Journal.
The company reported its first-quarter earnings of $3.4 billion.
Last month, Uber said it would lay off 150,000 employees, and was planning to cut its workforce by as much as 50 percent.
Meanwhile, Uber’s CEO, Travis Kalanick, was arrested last month on a charge of assault.
Despite the recent moves, Uber remains the most valuable tech company in the world.
The company has $20.9 billion in market capitalization.