Hacker Read

jaywalk · 2022-11-28 14:17:34

He didn't buy a majority stake, he bought the entire company.

bmitc | karma 14276 | avg karma 3.06 · | 2022-10-28 17:07:40

Who are the other shareholders? I thought the entire point of the purchase is that he bought out all the shareholders.

jedberg | karma 72921 | avg karma 5.98 · | 2019-01-19 17:19:15

So he didn’t increase the value of the company that much, he just increased his stake. Right?

feet | karma 813 | avg karma 0.69 · | 2022-11-25 22:07:30

He bought most shares of a company and took it private while not buying the Saudi's share

patentatt | karma 1660 | avg karma 2.82 · | 2021-09-23 17:59:38

But he personally has a controlling stake in the company, it’s like at least half his money in some sense.

LudwigNagasena | karma 4374 | avg karma 2.6 · | 2021-11-23 23:14:14

He has the controlling stake in the company.

paulsutter | karma 14022 | avg karma 5.42 · | 2019-10-11 17:11:44

He surely owns his stock outright, not as options, since he founded the company.

staunch | karma 28228 | avg karma 4.34 · | 2013-02-21 10:48:10

So he buys one share?

jonknee | karma 33361 | avg karma 4.51 · | 2015-12-01 19:39:47+00:00

Why? He was also the majority shareholder.

908B64B197 | karma 6125 | avg karma 1.43 · | 2021-07-26 15:51:15

That doesn't mean he sold his shares.

nazgulnarsil | karma 6752 | avg karma 2.15 · | 2012-08-21 04:21:05

he sold 80% of his stock IIRC.

mlindner | karma 2855 | avg karma 0.76 · | 2020-05-09 23:18:05+00:00

He doesn't. He only owns 20% or so of the company.

TimJRobinson | karma 1789 | avg karma 2.44 · | 2022-05-26 02:54:34

He leveraged his own personal stock, not the company.

jacquesm | karma 227883 | avg karma 3.76 · | 2010-09-24 18:45:56+00:00

He's a minority shareholder.

astrange | karma 14132 | avg karma 1.32 · | 2024-03-23 05:04:47

That's silly. For one thing, he says he's still the majority shareholder.

cube13 | karma 2006 | avg karma 2.48 · | 2012-08-17 14:45:29+00:00

He didn't completely sell out. He still has the controlling stake in the company.

Etheryte | karma 9322 | avg karma 4.55 · | 2022-10-04 18:15:59

Not a majority shareholder, majority would be 50%+. He holds around 20% if I recall correctly. It's still a large portion, but it was outlined specifically in the article that he was not included in this investigation and didn't influence it.

ProjectArcturis | karma 4068 | avg karma 4.12 · | 2021-06-24 17:43:34+00:00

He put the shares in when it was still a private company.

pxeger1 | karma 1621 | avg karma 3.24 · | 2022-06-14 02:34:55

He's Executive Chairman now, and he still owns about 10% of it.

pietro | karma 697 | avg karma 3.38 · | 2015-03-02 16:42:31+00:00

He owned 13.9% of the shares post-IPO. That's equivalent to about $104B at today's prices.