So finally Uber went ipo. I've heard ppl get 1 million worth of stock during joining. Did the paper money translate to real money now? Someone please explain
Of course, with a large tax cut. Still A LOT.
Incorrect info, everyone does not get worth million stocks, depends on the level.
They can finally see how much their stock is worth. But they cannot sell until lock up period ends. I think 6months after IPO?
Many people had a million or more in stock fully vest yesterday (and many less than that), but everyone has to wait 6 months to sell any of it due to a lockup agreement.
Are you saying people that joined a few months before IPO with a 4 year vest schedule ended up vesting the entire 4 years on Friday?
From what I understand, there is no change in vesting cycle. People who just joined need to wait for a year for the 1 year cliff.
Good things most got comp at 60 billion val.. present IPO value is what was promised
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