Hacker News new | ask | show | jobs
by libria 1850 days ago
I'm not sure they feel ashamed or should; USD 0.7 billion solves a lot of problems for the owners/employees.

What was your offer?

3 comments

You've conflated might with right, I think. It's pretty clear the comment you're replying to was not judging this on financial terms.
I doubt it solves a lot of problems for the employees
> I'm not sure they feel ashamed or should; USD 0.7 billion solves a lot of problems for the owners/employees.

Selling a company ALMOST NEVER benefits the employees.

It ALMOST ALWAYS benefits the owners who sell.

And giving the snarky AF comment of "What was your offer?" is asinine and you should be ashamed of even going there.

Most high-tech startups have a significant percentage of their stock held by their employees, though I don't know if that was the case here; Torrone's note about hackaday's history suggests otherwise.