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this post was submitted on 21 Mar 2024
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Antiwork
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We're trying to reduce the numbers of hours a person has to work.
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We talk about the end of paid work being mandatory for survival.
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So… where is the complicated part?
Guy has a 192million dollar package, gets a million and change up front, almost 100mil when they go public and pump the stock up to 25 bucks. If they can inflate it hard enough to spike at ipo, he gets the rest of the 192mil. Once it crashes, the little guys are left holding the bag while Spez walks away with all of their money.
This is why they are trying to create an atmosphere of exclusion and by selling stock internally at tiers based on user engagement until they go public.
No one is too dumb to understand that. That’s why people are declining the option to buy pre-ipo. spez has been making shit decisions and preying off user/mod labor since the inception of the company. This is where they finally try to slit the golden goose’s throat… problem is, they forgot to fatten the goose first.
That's not accurate. If the stock price reaches $25.90, half of the options vest at some price. If they vest at an option price of $25.90, then Huffman has the option to purchase those shares at $25.90. If the price he's able to sell those is also $25.90, there's zero profit. Maybe they would vest at some lower price? I'm not sure.
The bulk of the money is on the far end. I'm sure the option price for all of them is set right now, and I suspect it's likely at that $25.90 price. When (if) those later chunks vest at those higher stock prices, there's a whole lot more differential between the stock price and the option price.