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Re:Uber, Postmates Agree on $2.65B All-Stock Deal by mardifoufs on Monday July 06, 2020 @12:11AM (#23744624)
Oh, yeah that's an embarassing lapsus.To my defense,it seems like most of the equity is owned by investors and not founders, so the average return of the 900m$ is probably still around 3x~. It also seems like they have never been valued higher than the price Uber paid for them so odds are few investors got really burnt regardless of when they invested.
Re:Uber, Postmates Agree on $2.65B All-Stock Deal by mrnobody_67 on Monday July 06, 2020 @02:51PM (#23751346)
Some investors got wiped out when the company had to do a pay to play, I believe.