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A comment on Uber Lays Off 400. Parent comment

Re:Uber Lays Off 400 by Ntrails on Tuesday July 30, 2019 @04:14AM (#20562992)
> The VCs do everything they can to drive up the valuation, except make money. They then sell their shares to the public markets for an incredible profit...

The VCs are still locked in and haven't been able to sell afaik? The public markets have 6 months to figure out fair price before they get theirs

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Re:Uber Lays Off 400 by oarsinsync on Tuesday July 30, 2019 @06:33AM (#20563527)
Softbank has used it's collateral in WeWork & Uber to take out secured loans.

Effectively bypassing the lockup period, and insuring any downside to the share price for the cost of the interest on the loans, while maintaining the opportunity for any upside.

They've effectively done one better than just selling the stock.

[ Parent | on HN ]