> While Adam hasn’t taken a salary for his We Company work — neither has Rebekah — the company issued him a $7 million loan in June 2016. (It is repaid, with interest.)
> There are a few reasons to launch an IPO: a big one is to take on new investment. IPOs also let insiders cash out. Before 2019, Adam had not received any equity awards, the documents say. But as The We Company got larger, the board of directors decided to give Adam reason to do an IPO, so Adam received options to purchase more than 42 million shares.
I'm confused. No salary, no equity awards, yet this guy is rich as hell?
I guess cause he still owns what he got as a founder?
> I've seen a lot of arguments that YouTube pushes people into alt-right and ethnonationalist content way too easily.
They do and then those people complain endlessly about censorship, demand legal changes, support first amendment violations via executive order, spread conspiracy theories about anti-conservative bias, and meanwhile they keep posting fucking youtube videos and trying to radicalize people.
It's stochastic terrorism and it's all over the goddamn place.
I don't know much about it, but this seems a lot like a company that is mostly just meant to make the CEO rich no matter what with a good chance to see the vast majority get screwed.
Like how much money is still being funneled right into his pockets because he owns the places the company leases?
Oh we disagree entirely. I am openly mocking the idea that you should learn the job by not doing it. That data scientists are just oh so special that no one can be a junior at it.
It's ridiculous. If you can't mentor someone at the job, then that speaks to your failures. It's not the job that's the problem.
It's not a shortcoming of the educational system. People need experience to be good at things. Engineers take years after school, doctors take years after school.