Uber employees can finally sell their stock. Well...

Zaho's picture
Rank: Senior Baboon | 244

Quote from this article on The Washington Post.

Uber's valuation is down 44% at $26/share:

At the time, Uber's valuation was around $68 billion. It is currently worth $45.9 billion, based on its Wednesday share price, about 44 percent lower than its IPO valuation.

They owe taxes based on $45/share:

One Uber employee who joined pre-IPO says they were given an offer sheet that assumed the stock price would range from about $40 on the low end up to around $100. The dip in price was made worse by the fact that employees owe taxes based on the IPO price of $45 a share.

Some Uber employees think now is the best time to join, because there is only going to be "upsides". Thoughts?

Comments (8)

Most Helpful
Nov 8, 2019
Nov 15, 2019

I think now may be the time to buy more.

I bought some a couple of days ago at $25, and its already up by 6%

Nov 15, 2019

IMO If you are looking for short term gains and don't plan to invest it for minimum 3-4 years, anything related to SoftBank is to avoid.

    • 4
Nov 15, 2019

    • 1
Nov 15, 2019

I met an uber driver that cashed out @ $43.
I've also met several employees that are holding on in hopes that it will be $1000 one day.

u decide who da smart 1

    • 1
Nov 20, 2019

I'd invest if i had the $$$

  • Associate 3 in IB - Ind
Nov 20, 2019

Why would anyone invest in Uber? It's going to 0. I don't know why Gen Z thinks automation is around the corner, we are over 10 years away. It's not going to be like Uber's market entry where it can just ignore regulations and offer its service anyway. SF doesn't even allow vaping, you think municipalities are going to allow fully autonomous vehicles on the road anytime soon?

When automation comes, it will be ubiquitous and the car manufacturers will eat Uber's lunch. Uber has zero competitive moat whatsoever.

    • 1
Nov 20, 2019