Totally prepared to doubt size of IPO impact but aren't most employees still in lockup periods?
Or if the city tried to restrict it, would prob exacerbate inequality bc only founders would get secondary and not employees/workers..
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Those employees were also taxed at ordinary income at whatever price their restricted stock units were issued at so if those RSUs are now worth less... in some cases I’ve heard about, it’s as if the employee paid to work there relative to wherever they were employed before...
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It is funny that she cites predictions to the contrary when linking to her previous article, but the prediction in the old link (on the left) is exactly what is now being observed (on the right).pic.twitter.com/fsxwURSCu0
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Though I guess the "could be preventing a larger drop" is consistent with that.
End of conversation
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