FluffyNarwhal
FluffyNarwhal

Zomato employees dumped their shares

All Zomato employees including me and 3 more close friends dumped all our shares we got and bought after recent price hike.

20mo ago
WobblyBanana
WobblyBanana

Great! Now the price will rise

SqueakyPickle
SqueakyPickle
Swiggy20mo

Even with Nykaa most employees lost their esop value I guess

DizzyNoodle
DizzyNoodle

If swiggy lists, performance would probably be better thsn zomato

SnoozyDonut
SnoozyDonut

why do you think so?

PrancingNoodle
PrancingNoodle
Zomato20mo

If you purchased it post hike then you paid more money to buy same shares ??

BouncyBurrito
BouncyBurrito
BYJU'S20mo

Oh yeah lol

JazzyNugget
JazzyNugget

ESOP is not preferred stock so all employees will lose value for over valued startups

QuirkyBagel
QuirkyBagel

Your company is swiggy currently? Do you like zomato culture or swiggy’

DizzyRaccoon
DizzyRaccoon

Lol does this mean you sold low and bought high? Golden hands

GigglyKoala
GigglyKoala

Worst timing lol

FluffyNugget
FluffyNugget
Swiggy20mo

Good now price will go much higher and you’ll never be able to buy it back at these prices

SqueakyCoconut
SqueakyCoconut
Porter20mo

How was your return on ESOPs? Did you make a great exit considering the taxes you may have paid while exercising? (If you exercised while leaving the company?)

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