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A comment on Tesla engineers were on-site to evaluate the Twitter staff’s code, workers said. Parent comment

Re:Tesla engineers were on-site to evaluate the Twitter staf... by HWR_14 on Sunday October 30, 2022 @02:12PM (#33397024)
> there are limits to how many non-insider (e.g. former employees), non-accredited investors a company can have before it is required to go public.

I thought that limit was some trivial number. I thought the much larger number (2,000 IIRC) was made up of investors who were either insiders or accredited investors.

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Re:Tesla engineers were on-site to evaluate the Twitter staf... by adastra22 on Monday October 31, 2022 @01:46PM (#33409631)
500. Although I thought the JOBS act increased that number to 2500, but my google-fu is failing me. In any case, once you have that many shareholders on record, you HAVE to go public. This is what forced Google and Facebook to eventually go public.

Companies often get around this by not doing everything possible to prevent an employee from becoming a shareholder on record. E.g. settling option contracts for cash.

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