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by OmarIsmail 1431 days ago
If it’s RSUs why are they worthless?
2 comments

Because they can't be sold right now. And the future date at which they could be sold is undetermined and doesn't appear to be any time soon.
Please feel free to send any worthless Stripe RSUs my way. I've been looking for a way to pay someone for some of them for the better part of a decade at this point.
Tbh this seems like an odd investment choice given the context of this thread. You know that stock price is tied to their valuation right?
Stripe shares do trade on secondary markets. If you sniff around on the big ones, I bet you could pick some up.
Thanks! Forge/Equityzen, or is there a better option?
What does that have to do with the valuation getting lowered?

If a person had 1000 RSUs that were on paper worth 40k, now they are worth 30k. Either way they can’t be sold right now. And I don’t understand how 30k is “worthless”

Because they can't be sold. If Stripe never goes public they will never be worth anything. It's funny money until you sell it.
Right, so 28% is just a funny number.
Not worthless, "illiquid"
Illiquid while dropping in value is not a good place to be.
What’s the difference.