Uber SoftBank 48b
https://www.bloomberg.com/news/articles/2017-11-28/softbank-is-said-to-seek-uber-shares-at-48-billion-valuation Does this translate to 35$ or 40$ a share?
Bloomberg.com
Ouch
What's the price for rsu issued to regular employees joined at relatively late stage?
I thought last time Uber already has over 60 billion valuation. Is this because all the scandals?
I know folks who joined at $48. But they got significantly more RSUs than google or Facebook would have offered. So they still come out ahead if they are able to liquidate at $33 a share
Think about the stock price increase at other big companies (G Fb Microsoft Amazon). While Uber valuation has been stagnant and even going down, they all had enjoyed massive increase. In other words, people who joined Uber lost that much (if they joined from big companies).
Lol, sure Microsoft
It's a mix of common and preferred so the valuation is going to be a bit fuzzy
Looking at recent dismal IPOs by tech companies (ie Cloudera Twillo Nuatanix Mulesoft Blueapron Mongdb), I would slash the price even more if I am from Softbank. With all the endless scandals and some lost share to competitors and no hope for autonomous driving, it is a good time to negotiate to buy at bargain (which may or may not).
Don't see how autonomous driving if good for Uber. It makes them lose the network effect.
Their only long term hope is driverless car otherwise they have fixed cost that will scale along with their business: drivers got to be able to make money individually no matter the scale. It doesn't shrink as the size of business grows. Therefore by nature this is a low margin business
This is common for tender offers. See Facebook tender offer (6.5B vs their 10B valuation): https://techcrunch.com/2009/07/13/dst-to-buy-up-to-100-million-in-facebook-employee-stock/ 3 years later they IPO'd at 100B.
Anyone who uses this to throw dirt is a jealous idiot. Most of us in private companies would jump at the opportunity to cash out at a 30% discount. Ben, please let us do this too!
Uber and Pinterest are not the same : https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=Pinterest,Uber
1. Not sure what your point is 2. As our Google trend data falls our user growth increases, go figure
Why would they be inversely proportional? Typically it is a good data point to look at for relevance.
$33 a share as per the article u shared
Thanks, I must have missed that or they have updated the article.