how do friends at lyft feel about stock?
Employees at Lyft that joined before IPO get taxed at 72 dollar per share, is that right? Thats the IPO price? So it means out of the 72 dollars, about 20 dollars are paid as taxes. So the return of Lyft stock is 21 - 20, which is 1 dollar per share. Is that right?
Sorry misread. That is correct. The idiots who didn’t sell when they could only have themselves to blame.
Cash in the past is always more valuable than the current. So the return is negative?
Yeah but -2% is better than -95%
Was a millionaire for 4 hours(ipo day). Close to suicide on Thursday.
I felt bad until I realized one of our execs went all in on more shares priced at $45 last open window.
Brian?
Who is the exec? I want to add him on LinkedIn
The stock is very low right now, but that’s true for the rest of the market as well. If I were to sell today, I’d make $1 of my pre-IPO stock after taxes, but I plan on holding, and truly believe it’ll get better.
@uber op, It’s the market downtime affected by international crisis, we’re all in this shit together where few dollars here and there won’t matter if everything doesn’t come up again. And if it doesn’t come up, you’re going down with us. Also, though your calculation is correct, nobody’s selling stock at $21 due to blackout trading period and as far as the stock is not traded, it doesn’t count as a loss. So technically you can laugh at this awful situation in which few Lyft employees are but it’s just as small as the return you have mentioned in your description #hopefully
The real bet is it to let it slide down to $8-12 so you can get some farm those losses to offset your massive gains from carefully timed puts. I’m sure everyone at the company had well timed puts, or else we’d all be screwed.
lol
They can carry that loss and never pay capital gain tax for the rest of life.
Lyft stock price below Uber
LGTM but LOOOOOOOOOOOOLL
U have no empathy
^ You're no "friend" of Lyft yourself, friend 😂