|
Motronic posted:Yes. Any type of equity that causes tax consequences must be explicitly accepted by the person it is being granted to.
|
#
?
Feb 27, 2023 19:49
|
|
|
|
| # ? Jun 6, 2024 16:45 |
|
|
Splicer posted:What happens if the boss gets pissy about you not taking his poison pills? Is being financially literate a protected class? why would you go to the trouble of doing this rather than just terminating people
|
|
#
?
Feb 27, 2023 20:23
|
|
|
KYOON GRIFFEY JR posted:why would you go to the trouble of doing this rather than just terminating people
|
|
#
?
Feb 27, 2023 20:27
|
|
|
Musk has to be giving out options, not actual shares. A long long time ago when I worked for a pre-ipo company we were given options that vested over a set period of time. 25% after 1 year, then monthly for the next 3 years. All my options were a 4 year vest total, but with a change in control kicker that accelerated them 18 months. Very few people actually exercised their options into stock when they left the company as there was no market to sell them. I did work with a guy who took a gamble on exercising his options when he quit. Wrote the company a check, and got a decent return a few years later when we were acquired. They were really early options, I think my first set was something like 27 cents, and his was probably around there as well. I got paid out on half my options at a "current valuation" when someone bought 51% of the company, and the rest paid out when the entire company was bought. The company never did IPO.
|
|
#
?
Feb 27, 2023 20:49
|
|
|
Leon Sumbitches posted:Any source for your assertion that spiritual/life coaching operates as an MLM? I'll have you know that my essential oils are cooling, prevent the flu, and realign energy. Also, clean your room, do your own research on vaccines, and please donate to Whiskydick von Turbohitler in the coming election.
|
|
#
?
Feb 27, 2023 22:16
|
|
|
I really want to know what park he's in because it looks so much like New Mexico and I miss NM.
|
|
#
?
Feb 27, 2023 23:31
|
|
|
Dik Hz posted:Bankrupting Wage-earners with Marketshares Bankrupting Wage-earners with Muskshares is right there.
|
|
#
?
Feb 28, 2023 00:23
|
|
|
MrLogan posted:Bankrupting Wage-earners with Muskshares is right there. Mods??????
|
|
#
?
Feb 28, 2023 00:40
|
|
|
the current title is too good
|
|
#
?
Feb 28, 2023 00:50
|
|
|
Splicer posted:What happens if the boss gets pissy about you not taking his poison pills? Is being financially literate a protected class? In China this has happened to my family and the answer is you get put on the getting exited path.
|
|
#
?
Feb 28, 2023 02:14
|
|
|
I'll leave this here 289/mo. 84 months. Ford escort https://www.msn.com/en-us/autos/ent...oto/ar-AA17W2dj
|
|
#
?
Feb 28, 2023 03:10
|
|
|
tater_salad posted:I'll leave this here Sweet jesus, anyone that watched her sign that paperwork should be in jail. e: nm it's almost def fake https://www.instagram.com/p/CpFwJz1SxzF/ Enos Cabell fucked around with this message at 03:23 on Feb 28, 2023 |
|
#
?
Feb 28, 2023 03:21
|
|
|
tater_salad posted:I'll leave this here important number there for significance: 1998 ford escort. 25k of payments will finish 32 years after the model year.
|
|
#
?
Feb 28, 2023 03:23
|
|
|
notwithoutmyanus posted:important number there for significance: 1998 ford escort. 25k of payments will finish 32 years after the model year. I drove that make, model, and year when I was in highschool. In 2005. And it was not a good car then.
|
|
#
?
Feb 28, 2023 03:40
|
|
|
Motronic posted:You forgot the best part: when granted the shares they are counted as regular taxable income at whatever valuation the company has/claims. So now you have illiquid shares, with a definitely super restricted equity agreement, that can only be sold to a qualified investor if you can find one/a way through the equity agreement and you've just had to pay income tax on them. You owe tax when shares vest, not when they're granted unless you explicitly make an 83(b) election. If Twitter is giving RSUs, which isn't uncommon for a large private company, then they are likely double trigger which effectively means they don't vest, and thus aren't taxed, until there is a liquidity event.
|
|
#
?
Feb 28, 2023 04:05
|
|
|
I do remember hearing stories about people getting stock or options and it working out badly for them at tax time. Maybe AMT related?
|
|
#
?
Feb 28, 2023 04:58
|
|
|
asur posted:You owe tax when shares vest, not when they're granted unless you explicitly make an 83(b) election. Yes, "granted" was bad terminology when used in concert with RSUs. This is a good clarification. I actually forgot about double trigger RSUs because I haven't heard of anyone using that in decades. Is that even allowed by the IRS anymore? If it's somehow allowed it would make sense that Musk would use this method because it's the most passive aggressive, lovely and employee hostile way to grant equity in a private company.
|
|
#
?
Feb 28, 2023 14:55
|
|
|
Why? AFAIK double trigger RSUs are commonly used in later stage private companies to give something of value when IPO or further find raising is likely.
|
|
#
?
Feb 28, 2023 15:44
|
|
|
Evil Robot posted:Why? Options are commonly used. Not double trigger RSUs, at least in tech. And as to why, it's impossible to optimize tax treatment (read: stcg and AMT) and timing as compared with ISO/NSO options when/if there is a liquidity event.
|
|
#
?
Feb 28, 2023 15:59
|
|
|
tater_salad posted:I'll leave this here Game's up, folks, they've got our number. quote:In any case, there are people who spend their time making fun of people who are showing off. Those people often liken themselves to be smarter than the ones showing off. In all honesty, all of those kinds of people are misusing social media.
|
|
#
?
Feb 28, 2023 17:38
|
|
|
I'm regards to the thread title, I keep hearing that one line from Nine Inch Nails' Happiness in Slavery, "Just some flesh caught in this broken waifu machine."
|
|
#
?
Feb 28, 2023 21:00
|
|
|
Democratic Pirate posted:Maybe it’s more accurate to say it’s turtles all the way down. Each 28 year old instagrammer selling life coaching has a coach, who has a coach, who has a coach, and so on. The play seems to be moving from offering life coaching services to offering seminars enabling others to harness their stories and become coaches for others. was looking for AMC earnings, twitter gave me this, and I thought of y'all. No not believing guys, we got this. $AMC. 
|
|
#
?
Feb 28, 2023 22:17
|
|
|
Baddog posted:was looking for AMC earnings, twitter gave me this, and I thought of y'all. No not believing guys, we got this. $AMC. Belongings Will Materialize: the universe works for me
|
|
#
?
Feb 28, 2023 22:48
|
|
|
Baddog posted:was looking for AMC earnings, twitter gave me this, and I thought of y'all. No not believing guys, we got this. $AMC. Blunt White Mojo: The universe works for me & with me, buy my stock picks
|
|
#
?
Feb 28, 2023 22:57
|
|
|
Baddog posted:was looking for AMC earnings, twitter gave me this, and I thought of y'all. No not believing guys, we got this. $AMC. https://www.tiktok.com/embed/7190063604551503110 Belief Will Manifest: I don't need the old gods anymore
|
|
#
?
Feb 28, 2023 22:59
|
|
|
Baddog posted:was looking for AMC earnings, twitter gave me this, and I thought of y'all. No not believing guys, we got this. $AMC. Bagholding With Marsoubian: WE GOT THIS
|
|
#
?
Feb 28, 2023 23:32
|
|
|
Motronic posted:Options are commonly used. Not double trigger RSUs, at least in tech. Several of the very late stage private decacorns companies (Uber, Slack, Stripe, Palantir, etc) switched to dual trigger RSUs when the growth in their FMV slowed, making options less appealing. The extra lovely thing that Uber did was still applying their post-IPO lockout to RSUs. So they were taxed (but not adequately withheld) as if they received income at IPO price, but couldn’t actually realize that income until the RSUs had dropped 40% in value six months later.
|
|
#
?
Feb 28, 2023 23:48
|
|
|
EricBauman posted:This is exactly it. When a market is tapped and there's no more suckers to sell the product to, you can always turn the market itself into a product and sell that to the next group of suckers. I'm halfway convinced this is more or less the entire crypto market. You basically have one crypto that has a very weird and specific incumbency/monopoly advantage, and a whole lot of people who are mad that they didn't buy into BTC early. Everything afterwards is cargo culting BTC + desperately trying to either find a use for crypto besides various grey/black market concerns, or pretending (usually with a wink) that they are. And the rug pulls will never stop, because that is all they are besides the original.
|
|
#
?
Mar 1, 2023 06:47
|
|
|
https://twitter.com/HideYoApes/status/1629967639383793664?s=20
|
|
#
?
Mar 1, 2023 07:45
|
|
|
Yes, I definitely want to read that thread. I absolutely want to spend valuable time out of my life to read whatever comes next. Tell me more about #dookeydash or whatever.
|
|
#
?
Mar 1, 2023 07:47
|
|
|
Good, maybe now they can get a life Narrator: this would not be the case
|
|
#
?
Mar 1, 2023 07:51
|
|
|
Thread worth it for this moment: https://twitter.com/JUNlPER/status/1630703665517322241?s=20
|
|
#
?
Mar 1, 2023 07:54
|
|
|
The thread was just “I installed a browser plug-in” and “some malware hijacked that and sold my poo poo.” I was hoping for such schadenfreude, but I was left wanting. EDIT: ^^^ ah, that’s the stuff.
|
|
#
?
Mar 1, 2023 07:56
|
|
|
I swear I saw that thread earlier and they had the special "crypto loser" hexagon-shaped avatar. Apparently your Twitter account gets linked to your NFT account and that's how it knows to give you the hex. That presumably means that not only was his profile pic one of the ones that got stolen, but that Twitter detected he no longer owns it and removed his special avatar  e: vvvv ah boo then Porfiriato fucked around with this message at 09:07 on Mar 1, 2023 |
|
#
?
Mar 1, 2023 08:52
|
|
|
Porfiriato posted:I swear I saw that thread earlier and they had the special "crypto loser" hexagon-shaped avatar. Apparently your Twitter account gets linked to your NFT account and that's how it knows to give you the hex. That presumably means that not only was his profile pic one of the ones that got stolen, but that Twitter detected he no longer owns it and removed his special avatar No, the hex avatar just doesn't get displayed in embeds. It's still there on Twitter for now
|
|
#
?
Mar 1, 2023 09:06
|
|
|
This would be tragic if any of those things had value. https://twitter.com/DeweesRobert/status/1630408354173714439 Raskolnikov2089 fucked around with this message at 18:35 on Mar 1, 2023 |
|
#
?
Mar 1, 2023 18:29
|
|
|
|
|
#
?
Mar 1, 2023 18:49
|
|
|
Gotta protect that birkin bag somehow
|
|
#
?
Mar 1, 2023 18:52
|
|
|
lifg posted:Gotta protect that birkin bag somehow Barkin bag.
|
|
#
?
Mar 1, 2023 19:07
|
|
|
|
| # ? Jun 6, 2024 16:45 |
|
|
I'd be interested to read a sociological study on the culture that rich and famous people in LA have around their homes. There's this weird paradox of security vs openness, where people have lots of expensive cameras, security systems, and now six-figure attack dogs; but will also invite someone to live in a spare bedroom after having worked with them for a week on some project. There's constant threats from stalkers, paparazzi, and bling ring types but there's also lots of loose-invite house parties and open architecture. The whole thing just seems baffling.
|
|
#
?
Mar 1, 2023 19:23
|
|
