This Twitter verification thing is bringing out some horrible people on that platform. To be expected, it’s a horrible place.
Current Affairs Elon Musk
- Thread starter ReiRei
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If he ends up on talksport spamming my youtube algorithm I won't be happy
Shares are getting delisted as of Nov 8th.
Each to his/her own but to invest I’d want a lot more in a business plan than “throwing things on the wall and seeing what sticks” for a company with such a “character” as owner and 1billion in interest payments!
McBain
Player Valuation: £80m
Right, I wasnt sure what that meant (i dont do shares.. yet) but I do now. Looks like investors made 40% more on their stocks.
‘They are not alone in reaping riches from one of the most turbulent takeover deals in recent history. Pension funds that invest for teachers, police officers and state workers in New York, California, Florida, and Wisconsin also stand to cash in.’
Investors who stuck it out for Musk's Twitter deal set to reap rewards
The world's wealthiest man is about to make a swath of already affluent investors even richer.
Im assuming that any emplyees who own stocks will recieve these too, and payouts if he fires the 75% of staff being reported to be laid off?
I just got an email that my apple tv subscription is going up almost 50% from $5 to $7. There'll be no nonsense, just send out an email, you can unsubscribe if you like.
Some difference to the way Musk is running things.
Some difference to the way Musk is running things.
McBain
Player Valuation: £80m
One TV subscription too many for me. Such price gouging when they just made 20bn this quarter alone.
Yeah between Musk making the initial offer in April and then him changing his mind and getting sued to complete the deal the stock market, especially tech stocks, sank which makes the premium very high.Right, I wasnt sure what that meant (i dont do shares.. yet) but I do now. Looks like investors made 40% more on their stocks.
‘They are not alone in reaping riches from one of the most turbulent takeover deals in recent history. Pension funds that invest for teachers, police officers and state workers in New York, California, Florida, and Wisconsin also stand to cash in.’
Investors who stuck it out for Musk's Twitter deal set to reap rewards
The world's wealthiest man is about to make a swath of already affluent investors even richer.www.reuters.com
Im assuming that any emplyees who own stocks will recieve these too, and payouts if he fires the 75% of staff being reported to be laid off?
AsI understand it those employees whose stock options are vested (you get the option to buy a certain # of shares at a set price but only a portion will be eligible each year eg 100 shares granted in 2018 with 25 eligible in 2019, 25 in 2020, 25 in 2021 and 25 in 2022) will get the payouts as the shares will be treated as any other shareholder.
The complication is for those unvested options and it appears that the usual vesting calendar coincides with the purchase - the rumor is that retained employees will be paid as if all their stock options were vested but don’t think it typical for fired employees to have any rights to their unvested options.
However if you get fired in November 4th and your stock options would have vested on say the 7th I’d assume that employee would explore legal options - stock options a large part of compensation packages here in the Bay Area.
McBain
Player Valuation: £80m
I'm actually learning a lot from this (I still don't understand vested and unvested) and I always thought he had originally made a flippant tweet about buying Twitter, rather than an actual offer.
So lets say you got employed at Twitter in 2018, and your about to be laid off. In stocks alone you're in line to be paid 10k? I wonder if they are on contracts that have to be paid out too?
I’ll try and find a clearer explanation than mine for how stock options vest and post it!
It obviously varies a lot by experience, department and level but I’d assume a much higher payout than 10k - the salary/stock/bonus figures listed below for a software engineer at Amazon have 180k base, 20k stock/year and 16k bonus
Software Engineer Salary in San Francisco Bay Area, CA
The average Software Engineer salary range in San Francisco Bay Area, CA is from $180,000 to $315,000. View Software Engineer salaries across top companies broken down by base pay, stock, and bonus.
www.levels.fyi
In US there are far less rules around severance compensation than in Europe but companies often do provide a package in this area just to avoid litigation. Stripe is co based in South San Francisco and have just announced 14% headcount reduction with these terms - I’d expect twitter to be far more stingy.
@McBain
Hopefully this is a clearer explanation than mine!
www.contractscounsel.com
Hopefully this is a clearer explanation than mine!
Vesting Stock: How It Works With Easy Example (2022)
For employee compensation, vesting stock is an important feature of stock-based comp. Click here to learn how it works with an easy-to-follow example in 2022.
www.contractscounsel.com
Anyone who looks at a right wing “free speech absolutist” rat like Musk and still thinks Capitalism and the free market is a good idea is insane. He’s basically just bought the biggest source of news on the planet so he can push whatever vile agenda he wants
Yea, not saying I agree with it, jus comparing approaches.
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