Re:Meta reportedly plans more job cuts
by dragonwriter on Tuesday February 14, 2023 @11:14AM
(#34791505)
> Excluding Zuck, at IPO the "employees" in aggregate were the largest group of shareholders.
No, just because an article arbitrarily treats them as a group and every other entity as an individual entity doesn’t make them ”the biggest group”, and the immediate pre-IPO distribution (when comp was more heavily weighted to equity and there was no practical way for most employees to exit their equity position pre-IPO) is likely not refleftive of current distribution more than a decade post-IPO distribution.
And “employees excluding Zuckerberg” aren’t a coherent, interest-aligned group abyhow.
No, just because an article arbitrarily treats them as a group and every other entity as an individual entity doesn’t make them ”the biggest group”, and the immediate pre-IPO distribution (when comp was more heavily weighted to equity and there was no practical way for most employees to exit their equity position pre-IPO) is likely not refleftive of current distribution more than a decade post-IPO distribution.
And “employees excluding Zuckerberg” aren’t a coherent, interest-aligned group abyhow.