Comment by fngjdflmdflg
1 year ago
>liquidation preference. How much did employee shareholders get? I'd guess zero.
But they aren't filing for chapter 11? I assume all shareholders will be bought out, including the employees, and this will be paid for by Google who will license their models, presumably as a scheme to pay off of the investors as I doubt they actually need those models at all.
(assuming the linked source is correct.)
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