[islewis]

This appears to be a psuedo-acquisition, but with a strange format to appease regulators.

Will this still be an exit event for employees or do they get screwed here?

[molsongolden]

Sounds like they're getting paid based on his note to employees:

> "The proceeds from Meta's investment will be distributed to those of you who are shareholders and vested equity holders [...] The exceptional team here has been the key to our success, so I'm thrilled to be able to return the favor with this meaningful liquidity distribution."

https://x.com/alexandr_wang/status/1933328165306577316

[tibbar]

Yes, it is very good for employees and ex-employees.

[nrmitchi]

Honestly if this acts as a liquidity event for a whole bunch of current employees, while at the same time giving off "Meta hand picked the CEO and whoever they felt were the best AI engineers and jumped ship" energy, I wouldn't be tooo surprised if current "scaliens" view this as the inflection point, and decide it's not worth staying for the other ~51% of their shares.