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Sounds like they're getting paid based on his note to employees: > "The proceeds from Meta's investment will be distributed to those of you who are shareholder
by molsongolden 1y ago
Sounds like they're getting paid based on his note to employees:
> "The proceeds from Meta's investment will be distributed to those of you who are shareholders and vested equity holders [...] The exceptional team here has been the key to our success, so I'm thrilled to be able to return the favor with this meaningful liquidity distribution."
https://x.com/alexandr_wang/status/1933328165306577316 https://x.com/alexandr_wang/status/1933328165306577316
- deleted 1y ago[deleted]
- tibbar 1y agoYes, it is very good for employees and ex-employees.
- nrmitchi 1y agoHonestly if this acts as a liquidity event for a whole bunch of current employees, while at the same time giving off "Meta hand picked the CEO and whoever they felt were the best AI engineers and jumped ship" energy, I wouldn't be tooo surprised if current "scaliens" view this as the inflection point, and decide it's not worth staying for the other ~51% of their shares.