Uber opens at $42 per share

Re:Uber opens at $42 per share by pavlov on Friday May 10, 2019 @06:07PM (#19882713)

The Silicon Valley giants don't do options anymore, but RSUs (restricted stock units) which are simply share awards. There's no strike price to worry about, but of course it's a bit of a disappointment if you expected Uber to be a $100B company out of the gate.

Still, Uber employees will be happy that they can finally sell those RSU awards (in six months when the lockup expires).

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Re:Uber opens at $42 per share by 8ytecoder on Saturday May 11, 2019 @02:43PM (#19887679)

I can’t speak for sure but that’s a little unlikely. RSUs are taxed on vesting. Bad idea when employees can’t sell a portion of it to pay the tax.

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Re:Uber opens at $42 per share by pavlov on Saturday May 11, 2019 @07:39PM (#19889089)

Uber, Airbnb and the rest definitely give RSUs. Details may vary but they may use contracts like “double trigger vesting” where you don’t actually receive the shares until they’re publicly traded.

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