3 ms·
> the Common Stock, par value $0.000005 per share (the “Common Stock”), of Twitter, Inc. Does anyone know what the hell this means? Is this one of those annoy
by civilized 5y ago
> the Common Stock, par value $0.000005 per share (the “Common Stock”), of Twitter, Inc.
Does anyone know what the hell this means?
Is this one of those annoying things in the finance world where, back in 1930, this would have been a meaningful number, but nearly a century later, everything is structured completely differently, there's a completely different set of numbers that are meaningful, but we have to keep dragging this legacy set of meaningless numbers around for legal reasons?