On: Stripe cuts internal valuation by 28%

[borski]

For any employees that have already exercised their options, that also means the value of what they thought they were getting just went down.

[TheCoelacanth → borski]

The imaginary value went down, unless they are actually offering liquidity for employees who have exercised.

[borski → TheCoelacanth]

Secondary markets exist for Stripe stock.

[melony → borski]

If they buy back after exercising, they would be making a profit!

[borski → melony]

Haha there has got to be some law against this.

[bottled_poe → borski]

Yes, but that a risk they accepted.

[borski → bottled_poe]

Sure, but it's still compensation that is now less attractive. I never called it a moral failing.

[kortilla → bottled_poe]

Nobody said otherwise. Doesn’t make make it anymore attractive though.