this post was submitted on 15 Mar 2024
559 points (98.1% liked)

Technology

59986 readers
2920 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
559
Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 9 months ago by [email protected] to c/technology
48 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 35 points 9 months ago* (last edited 9 months ago) (2 children)

Isn't that market manipulation and anyway completely illegal to force buy back stock at 0$ ?? If I force you to sell me your house for 0$, whatever if it's in a contract, that would be illegal in Europe. 1€ would be fine tho.

[–] Squizzy 15 points 9 months ago

€1 would not be ok in Ireland, there is a rule about under value sales to stop people selling their assets to spouses when they go bankrupt.

[–] [email protected] 1 points 9 months ago

SpaceX isn't public, this is an internal stock system used for employee rewards. Like bonuses, but kinda more arbitrary and more gambly