News for hackers. Stuff that matters.

A comment on Elon Musk owns Twitter: The story so far. Parent comment

Re:Elon Musk owns Twitter: The story so far by strangattractor on Friday October 28, 2022 @02:48PM (#33375730)
Maybe - they better make sure to negotiate a killer employee contract given they won't be getting stock which is fungible. BTW - all software developers have certain personality quirks:)
[ Parent | on HN ]
Re:Elon Musk owns Twitter: The story so far by spinlock on Friday October 28, 2022 @05:29PM (#33378151)
I have zero information on how X (i.e. Musk's holding company for Twitter) is structured but it's possible to issue stock in a private company. The difference is that you cannot sell that stock on the public markets and need to find a buyer through a secondary market. Your requirements for selling are also typically more restricted.
[ Parent | on HN ]
Re:Elon Musk owns Twitter: The story so far by strangattractor on Friday October 28, 2022 @05:34PM (#33378211)
Restricted in like you cannot do it unless the company oks it.
[ Parent | on HN ]
Re:Elon Musk owns Twitter: The story so far by spinlock on Friday October 28, 2022 @11:58PM (#33380833)
Hopefully not that but it could happen. Typically you’ll have a lock up or the company has a right of first refusal to repurchase the stock.
[ Parent | on HN ]