4 ms·

> They don't have stock? They're a private company now.

• johannes1234321 4y ago
  Doesn't mean there is no stock. The stock isn't publicly traded, which makes it harder to sell, but Twitter has a bunch of shareholders (Saudi Prince and Jack Dorsey are known ones) and could give out shares to employees.
  • epistasis 4y ago
    Having illiquid shares in a company that has already gone through most of its growth is completely unappealing. What is the value prop for a talented, high productivity employee to work at Twitter? The management hates its employees, seemingly hated the product, and doesn't even understand the business that he bought. What's the upside for employees? There's a reason people were hanging up exactly at 5pm as Musk was giving his pitch to try to keep employees from bailing. He's offering a shit sandwich and he's not even good at selling it.
    • johannes1234321 4y ago
      I didn't say it was attractive stock. However if you believe in Musk's vision (is there one!?) and he's desperate he might throw stocks around and then a pivot unexpectedly might work out and a IPO might be lucrative ... but I wouldn't bet on it. All I said: stock exists and can be distributed.
    • s1artibartfast 4y ago
      >Having illiquid shares in a company that has already gone through most of its growth is completely unappealing. There are lots of reason to own stock besides speculative growth. Taking part of profit as dividend is the most obvious reason.