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Genuinely wondering - - How a 600 person company will determine who among the 1200 at ATG gets acquihired? - How will the Uber employee unvested stocks get pa
by maybeiambatman 6y ago
Genuinely wondering -
- How a 600 person company will determine who among the 1200 at ATG gets acquihired?
- How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal?
- fastball 6y agoWhy would Uber selling a portion of its business be relevant to Uber employee unvested stocks? Do you mean Uber ATG employees? Were they getting stock packages for ATG or for Uber?
- maybeiambatman 6y agoI meant the ATG employees. And they were getting Uber stock as part of their compensation. Source: me, a former Uber ATG employee.
- fastball 6y agoRight, so if you are getting Uber stock, presumably nothing happens? Or I'd assume it's the same as if you'd been fired. This is not a liquidity event for Uber. Uber is selling a portion of its business, not being sold.
- mike_d 6y ago> How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal? There are two types of sales that are beneficial to a companies bottom line: selling something of value for cash, and selling a liability for little to no cash. Uber did the latter of the two. Effectively taking a business unit that was 5-10 years behind Waymo and Cruise and dumping it off on someone who might be able to turn it in to something in exchange for a piece of the future upside. But the real win for Uber shareholders here is that it isn't costing Uber R&D dollars anymore.