News for hackers. Stuff that matters.
Re:Jack Dorsey giving up 30% of his stake in Square to help ... by rco8786 on Thursday October 15, 2015 @09:17AM (#10392918)
Jack owns ~24% of the company. It is just his equity.
Re:Jack Dorsey giving up 30% of his stake in Square to help ... by flintchip on Thursday October 15, 2015 @09:21AM (#10392938)
Yes, but 10% of 100% is a lot more than 10% of 24%.
Re:Jack Dorsey giving up 30% of his stake in Square to help ... by rco8786 on Thursday October 15, 2015 @10:24AM (#10393292)
It was reported that he would be giving up 30-50%(now at least 50% apparently) of his own stake. Which comes out around 10% of the entire company, depending on what number is actually correct.