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Seems like that makes options completely useless. If they had actual shares they could at least sue because majority shareholders have a duty not to completely

• lokar 1y ago
  It has always been possible (and sometimes happens) for VCs and mgmt to screw the early employees. The question is will it become more common now? Also, people equate these to aquihire deals. But they are not really. Most aquihire deals are when the company is out of runway, or it seems growth has slowed/stopped and there are no good ways out. There is not mucH value left. Here there is clearly billions in value, it’s just not being distributed in the normal way.
  • sarchertech 1y ago
    It feels like it will become more common if Google gets away with this with no real backlash. I mean why would anyone honor employee options when buying out a company if you can just poach all the key employees and assets. As you said there was so much money involved. I can’t think of a similar situation where employees were screwed out of billions like this.
• henryfjordan 1y ago
  You can, and maybe should, exercise 1 option as soon as you get it to turn yourself into a shareholder.