5 ms·
That last sentence is corporate PR spin. They very much need this capital to run the business, ie, they didn't have enough money to pay taxes.
by tamade 4y ago
That last sentence is corporate PR spin. They very much need this capital to run the business, ie, they didn't have enough money to pay taxes.
- zaroth 4y agoThey aren’t raising the money to pay corporate taxes. They are doing this so their employees can pay taxes on otherwise illiquid shares (i.e. taxes the employees can’t afford).
- camjw 4y agoThey could have just let employee options expire and then they wouldn't have had the tax bill. Though, I imagine recruitment would become a bit harder then.
- jeremyjh 4y agoThey didn’t have enough to pay their employee’s taxes on unrealized gains.