this post was submitted on 15 Mar 2024
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Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 8 months ago by ylai@lemmy.ml to c/technology@lemmy.world
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[–] le_saucisson_masquay@sh.itjust.works 35 points 8 months ago* (last edited 8 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@lemmy.world 15 points 8 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.

[–] Cqrd@lemmy.dbzer0.com 1 points 8 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