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The "cash" who has? The employees don't have cash - they have stock. You can't pay rent with stock. This is a good move by Slack to provide a return to the emp
by nemothekid 8y ago
The "cash" who has? The employees don't have cash - they have stock. You can't pay rent with stock.
This is a good move by Slack to provide a return to the employees who have stuck with them.
- SketchySeaBeast 8y agoAh, ok, so the employees will be getting money for their stock? That makes sense now.
- shimms 8y agoIf they choose to sell it. Whilst markets exist for selling shares in private companies, it’s harder and there is a smaller pool of people looking to buy. On the public market, any shareholder can sell their shares (relatively) easily, and since it’s a public market the pool of potential buyers is much bigger. Employees don’t automatically get money for their shares, being public just makes it easier for them to if they decide they want to.
- icelancer 8y agoThey'll own stock they can trade publicly. It's their call now, rather than holding on to a bunch of fictional dollars.