Uber down 7 percent

Uber / Data Guiliani
May 10 33 Comments

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TOP 33 Comments
  • BluVector sparked
    They picked a shit market day to IPO
    May 10 0
  • Facebook
    Instagrаm

    Facebook

    PRE
    Google, Microsoft
    Instagrаmmore
    I hope it falls even more
    May 10 4
    • Google bhot_hard
      Check your schadenfreude.
      May 10
    • Facebook
      Instagrаm

      Facebook

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      Google, Microsoft
      Instagrаmmore
      I h8 uber fiercely, don’t you know?
      Wish them all the worst!
      May 10
    • Uber / Eng mH7bSe
      Facebook is a plague.
      May 10
    • Uber is benevolent and altruistic now 🙃
      May 10
  • Google bhot_hard
    Honestly I expected worse. This should be encouraging news for all Uber FTEs!
    May 10 8
    • Facebook gd5wv9
      They also got a bigger initial grant, so it's still better than joining a public company.
      May 10
    • Twilio UeCM65
      @Guiliani no one did the math incorrectly. The $48 was what private investors were willing to pay. Now public investors are saying the company is worth less than that.

      If you want to blame anyone, blame the strategic and financial decisions made by the leadership over the past few years that ultimately did not increase the company’s value.
      May 10
    • Petuum Bxuw58
      When did Uber switch from Options to RSUs? At what price?
      May 10
    • Uber yoyo7
      Early 2015 was the switch at about $22 something 409a. People were told the preferred price in offers by recruiters although, which was about 1.3x more in value. In late 2015 to 2016, offers dropped a lot, in 2017 and 2018 they went up again.
      May 10
    • Petuum Bxuw58
      How many options were offered just before. And how many RSUs after?
      May 11
  • Uber / Data Guiliani
    OP
    It hopefully fares better than Lyft over 6 months from IPO. Lyft employees owe shit ton in taxes since their stock tanked 40 per cent since IPO.
    May 10 4
    • Google VVGo72
      This part I don't understand. I thought Lyft gives out rsu and you get taxed on the vesting day based on value in that day. How IPO would increase tax liability (ignoring stocks vesting since IPO).
      May 10
    • Airbnb lGWf08
      Tax liabilities are reported to IRS as the company goes IPO. It is either captial lose or gain afterwards.
      May 10
    • LinkedIn
      pixel.3a

      LinkedIn

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      Microsoft
      pixel.3amore
      That sucks. So Uber is actually protecting employees by pricing it lower at IPO.
      May 10
    • Dropbox YTUe85
      Because company usually withholds less than your actually tax rate. For federal tax it can be 21% vs 37% so you can owe a lot of tax on IPO.
      May 10
  • Amgen / Finance
    Mrmephisto

    Amgen Finance

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    The Walt Disney Company
    Mrmephistomore
    So what about someone who signed but hasn’t started yet? Do they just take the IPO price to value the RSUs?
    May 10 2
    • LinkedIn vfgh215
      They usually look at a trailing average I believe
      May 10
    • Amgen / Finance
      Mrmephisto

      Amgen Finance

      PRE
      The Walt Disney Company
      Mrmephistomore
      Sounds about right based on my offer letter thanks
      May 10
  • Epic / Eng
    Andhaaaa

    Epic Eng

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    Intel Corporation
    Andhaaaamore
    Even if it settles down at 35 or so eventually, how many of Uber developers become millionaires? I know there could be lock-in period but still - I didn't know on average how much stock refresher Uber gives each year..
    May 10 8
    • Epic / Eng
      Andhaaaa

      Epic Eng

      PRE
      Intel Corporation
      Andhaaaamore
      Anything? Because I don't have either..
      May 10
    • average 2014 L5 has 80k-100k unit of stocks(after 1:4 split), do the math
      May 10
    • Dropbox nvp
      i think there was a window in early 2017 when the susan fowler thing happened too
      May 10
    • Airbnb cjU8sh
      Around 2014-2015 Uber was giving out real golden handcuffs to get people to stay. There were constant complaints on Blind about the WLB and issues there
      May 10
    • Uber yoyo7
      You had to be early 2015 to get the good offers, mid / late 2015 was not nearly as good. Mid / late 2015 L5 is definitely not a millionaire after tax
      May 10
  • Indeed / Eng pipe
    Good thing is atleast it's not paper money anymore. Most even good startups dont have liquidity events.
    May 10 0