We live under corporate feudalism

  • MataVatnik@lemmy.worldOP
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    8 months ago

    Stock options. Which means the valuation is completely arbitrary tbh. It probably isn’t worth nearly that much and that’s probably why they gave themselves that much. Theyre likely overvaluating themselves. Because as soon as they go public, or as soon as they try to unload these stocks, their value will probably plummet.

    Either way, these are stock options they could have given to their mods, it literally costs them nothing.