Comment by screye
19 hours ago
Works out for Google and the C-suite. Horrible for the employees. These fake-acquisitions are effectively arbitrage against employees, who get left holding nothing. Should be illegal and regulated.
Not sure how the VCs get their cut. I'm guessing that Google can balance it out by participating in rounds for other startups in that VC's porfolio.
No comments yet
Contribute on Hacker News ↗