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Uber Gives Restless Employees a Way to Cash Out – Bloomberg

Absent an IPO, Uber’s going to have trouble retaining long-term employees, who are being offered the opportunity to sell up to 10 percent of their shares back to the company. Sure, reduces the dilution, but it also decreases working capital. With no public offering imminent, the $69 billion ride-hailing┬ástartup is buying back shares from longtime […]

Absent an IPO, Uber’s going to have trouble retaining long-term employees, who are being offered the opportunity to sell up to 10 percent of their shares back to the company. Sure, reduces the dilution, but it also decreases working capital.

With no public offering imminent, the $69 billion ride-hailing startup is buying back shares from longtime staff.

Source: Uber Gives Restless Employees a Way to Cash Out – Bloomberg

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