Bolt raises $450M at $14B valuation

by prakhar897on 8/21/2024, 2:42 AMwith 6 comments

by pinkmuffinereon 8/21/2024, 7:25 AM

I see a ton of comments worriedly mentioning how this affects employees, but I don’t understand how it affects employees — can someone give an ELI5?

It sounds like they require stock owners to double the number of stocks purchased — does this mean employees with RSUs have to take part in the raise to keep their stock? Are RSUs even the right concept to think of here?

by RyeCombinatoron 8/21/2024, 4:28 AM

Interesting to see what the end game is here. Is the goal to prevent a hostile takeover by competitors?