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by twitter_anon 1311 days ago
Existing equity was converted to cash at $54.20/share, but will still be paid out on the existing vesting schedule. It's a carrot, insofar as it is promised future money, but it's a decaying carrot.

Edit:

Yes, the proportion of total comp that was equity hit about 50% at L7 (Twitter's Staff). L6 (Twitter's Senior) was usually around 40%.