Mailchimp insiders react to employees getting no equity from Intuit sale

Re:Mailchimp insiders react to employees getting no equity f... by antattack on Friday September 17, 2021 @08:41AM (#28564762)

I am old enough to know how cool it was to be a millionaire. Where is all that money (billions) coming from? Who had it before, governments?

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Re:Mailchimp insiders react to employees getting no equity f... by rexreed on Friday September 17, 2021 @08:50AM (#28564839)

In this case, public markets. Public companies are flush with cash and finding few places to park it to gain a positive return. Acquisitions, stock buy-backs, and similar are ways to juice overall return. Intuit gains a recurring revenue stream and access to hundreds of thousands of small businesses, which is their bread and butter.

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Re:Mailchimp insiders react to employees getting no equity f... by anonuser123456 on Friday September 17, 2021 @10:34AM (#28565948)

Scale. There are 7 billion people on the planet.

Get 1/100 of them to pay you 10$/month and you have 7 billion dollars / year.

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Re:Mailchimp insiders react to employees getting no equity f... by NibsNiven on Friday September 17, 2021 @10:36AM (#28565964)

Banks can create money by typing numbers into a computer. The Fed has recently created trillions.

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