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This appears to be a psuedo-acquisition, but with a strange format to appease regulators. Will this still be an exit event for employees or do they get screwed

This appears to be a psuedo-acquisition, but with a strange format to appease regulators. Will this still be an exit event for employees or do they get screwed here?

molsongolden 1y ago
Sounds like they're getting paid based on his note to employees: > "The proceeds from Meta's investment will be distributed to those of you who are shareholders and vested equity holders [...] The exceptional team here has been the key to our success, so I'm thrilled to be able to return the favor with this meaningful liquidity distribution." https://x.com/alexandr_wang/status/1933328165306577316 https://x.com/alexandr_wang/status/1933328165306577316
- deleted 1y ago
  [deleted]
- tibbar 1y ago
  Yes, it is very good for employees and ex-employees.
  - nrmitchi 1y ago
    Honestly if this acts as a liquidity event for a whole bunch of current employees, while at the same time giving off "Meta hand picked the CEO and whoever they felt were the best AI engineers and jumped ship" energy, I wouldn't be tooo surprised if current "scaliens" view this as the inflection point, and decide it's not worth staying for the other ~51% of their shares.