Honestly I expected worse. This should be encouraging news for all Uber FTEs!
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..
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.
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).
Tax liabilities are reported to IRS as the company goes IPO. It is either captial lose or gain afterwards.
I hope it falls even more
Check your schadenfreude.
I h8 uber fiercely, don’t you know? Wish them all the worst!
So what about someone who signed but hasn’t started yet? Do they just take the IPO price to value the RSUs?
Good thing is atleast it's not paper money anymore. Most even good startups dont have liquidity events.
They picked a shit market day to IPO