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> Do you realise you can sell it to get real money? You do realize they’re worthless until you vest right? I’m pretty sure Uber and Lyft are on a one year clif

> Do you realise you can sell it to get real money? You do realize they’re worthless until you vest right? I’m pretty sure Uber and Lyft are on a one year cliff. That’s one year of risk and what do you know, those RSUs just vaporized.. The only non FAANG RSUs making money now are real tech companies, not these service industries masquerading as tech.

marcinzm 6y ago
Lyft removed the vesting cliff for those laid off, gave them 10+ weeks of severance and accelerated vesting of RSUs. The only issue is that the stock price is down 40% but recessions can do that to any company regardless of size. Still worth quiet a bit even with that drop. So, what's your point again?
- almost_usual 6y ago
  The point is you signed up for 400k got 300k at best assuming you’re at a 200k base. You could have joined FB and probably gotten a 100k signing bonus on top of what you had in RSUs and you’d still have a job. These companies were masquerading and pretending they can compete with FAANG, they can’t.
  - marcinzm 6y ago
    If you had a Facebook offer and it's been under a year then it's almost certainly still valid. So you sell the accelerated vesting RSUs, cash in the severance and join Facebook. Given the accelerated vesting and severance you're going to make about as much as originally expected. Not sure why you consider getting laid off a problem for someone who has Facebook offers in the recent past. It's the people still employed at Lyft that are in a harder position versus having taken a Facebook offer. That's however a quirk of the pandemic, in any other recession your Facebook RSUs would be tanking in value as well.
    - almost_usual 6y ago
      In any recession Lyft and Uber would be tanking more than Facebook. The whole salient of my argument is that these companies had weak business models and now they are being exposed. They were never going to be profitable.

marcinzm 6y ago

Lyft removed the vesting cliff for those laid off, gave them 10+ weeks of severance and accelerated vesting of RSUs. The only issue is that the stock price is down 40% but recessions can do that to any company regardless of size. Still worth quiet a bit even with that drop. So, what's your point again?

almost_usual 6y ago
The point is you signed up for 400k got 300k at best assuming you’re at a 200k base. You could have joined FB and probably gotten a 100k signing bonus on top of what you had in RSUs and you’d still have a job. These companies were masquerading and pretending they can compete with FAANG, they can’t.
- marcinzm 6y ago
  If you had a Facebook offer and it's been under a year then it's almost certainly still valid. So you sell the accelerated vesting RSUs, cash in the severance and join Facebook. Given the accelerated vesting and severance you're going to make about as much as originally expected. Not sure why you consider getting laid off a problem for someone who has Facebook offers in the recent past. It's the people still employed at Lyft that are in a harder position versus having taken a Facebook offer. That's however a quirk of the pandemic, in any other recession your Facebook RSUs would be tanking in value as well.
  - almost_usual 6y ago
    In any recession Lyft and Uber would be tanking more than Facebook. The whole salient of my argument is that these companies had weak business models and now they are being exposed. They were never going to be profitable.