FluffyNarwhal
FluffyNarwhal
33mo

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.

33mo ago
WobblyBanana
WobblyBanana

Great! Now the price will rise

SqueakyPickle
SqueakyPickle
33mo

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
33mo

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

BouncyBurrito
BouncyBurrito
33mo

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
33mo

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

SqueakyCoconut
SqueakyCoconut
33mo

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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