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Why does everyone keep saying they are not profitable? They are raising money to help their employees liquidate, that’s the story (recommend reading)
by testfrequency 4y ago
Why does everyone keep saying they are not profitable?
They are raising money to help their employees liquidate, that’s the story (recommend reading)
- HDThoreaun 4y agoIs that true? My reading is that there are two separate reasons for raising the money. They want $600 million to buy employee stocks so that the employees aren't foisted with a big tax bill, but they've also got a separate $2.5 billion tax bill that they need to cover unrelated to the RSU stuff.