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None of the articles mention the amount that Juno raised, so it's possible that this sale is smaller than the liquidation preferences.
by greglindahl 10y ago
None of the articles mention the amount that Juno raised, so it's possible that this sale is smaller than the liquidation preferences.
- gnicholas 10y agoYep. The question of whether the payment to drivers for their RSUs is "fair" depends on who is in line in front of them. It is possible that they could all try to band together and somehow block the sale, but without more information it's hard to assess whether that's a good idea or not. I would assume that the company's offer isn't an amazing deal, because if it were then the company would probably try to tout that to bolster/save their reputation. OTOH, it's possible/likely that the only way to "prove" that this is a good deal for drivers would be to violate confidentiality agreements with many investors.