Most folks who work for Twitter....will tell you that their compensation business revolves around 'gifts' of stock. Some will even say (on camera) that more than half of what they have in yearly compensation....is really Twitter stock.
So for these folks.....if all the stock is sold by the Board....then the young lads/lasses will be getting a check for compensating them ($54.20 per share). Some folks might have 3,000 shares.....some 6,000 shares....maybe even some with 12,000 shares.
A curious thing will happen....in that all this will occur in 2022, and be reported to IRS as 'income' from a stock sale. Ton of taxation to occur? Well....if you were the fellow with $250,000 today in value and it sold for $54.20....then your profit is likely in the $75,000 minimum and if these were discounted gifts from eight years ago.....you could be talking about $200,000 of profit.
Imagine your discussion with the tax account over the forced reporting of the money, and the frustration on your mind that the government is 'stealing' your wealth.
But why stop there?
Elon now talks about a management cut in pay. Yeah, the upper level folks making millions per year? That scheme won't continue....if you stay, there's a cut coming. No one says how much, but I would imagine if you were a $1-million or more a year employee....you might be talking about a 20-percent cut.
That idea of the subscription fee? Chatter says $2.99 to have full capability. Would people pay for better version of Twitter? Some would....most would want just plain regular Twitter, without a lot of bells and whistles.
That exodus of employees? Lot of that talk, but if you gaze around....there's not any new billets being created elsewhere (yeah, bringing in all those Indian employees did screw-up that market idea).
The one thing I'd prepare myself for.....a lot of former Twitter employees grumbling about their tax bill next year.
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