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Stocks A to Z / Stocks U / Upstart Holdings (UPST)
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Author: earslookin ⎊  😊 😞
Number: of 116 
Subject: Vote of no confidence
Date: 03/02/2023 6:20 PM
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No. of Recommendations: 6
Paul Gu is one of the co-founders of Upstart and the driver behind its model.
Last year he agreed to take most of his compensation in stock grants spaced
over several years. The plan was tied to performance of the stock, not the
business. It seemed like a win-win at the time -- he'd be a rich man and Upstart
could redeploy the cash they would have paid him for other things.

Today they announced he'd rather the cash. To heck with the stock.

There's another 450K drain on cash per year.

Ears <long UPST>
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Author: 38Packard   😊 😞
Number: of 116 
Subject: Re: Vote of no confidence
Date: 03/09/2023 7:40 AM
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No. of Recommendations: 2
Today they announced he'd rather the cash. To heck with the stock.

Well that tells me something about where Paul Gu's head is at re: the direction of the stock.
My wife wants me to hold our meager number of shares at a 90-something percent loss just to remind me that valuation matters.

'38Packard

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