News for hackers. Stuff that matters.

A comment on The Reddits. Parent comment

Re:The Reddits by mattmanser on Friday March 22, 2024 @02:52AM (#39788012)
Did you miss the key words of LOAN and 15% APR?
[ Parent | on HN ]
Re:The Reddits by JumpCrisscross on Friday March 22, 2024 @08:00AM (#39789792)
You should be able to get a non-recourse loan, i.e. where you never owe more than the stock is worth. That said, Reddit was one of the more secondary-unfriendly firms, if memory serves correctly, if you didn’t have Board or senior management connections.
[ Parent | on HN ]
Re:The Reddits by fragmede on Saturday March 23, 2024 @04:53PM (#39803033)
it's a non-recourse loan though, so if Reddit didn't IPO and you can't pay, you don't owe money you don't have.
[ Parent | on HN ]