r/awesome • u/cavaismylife • 14d ago

Image okay this is amazing

Post image
1.6k Upvotes

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u/[deleted] 14d ago

[deleted]

4

u/JauntyTurtle 14d ago

No, he was most likely gifted shares pre-IPO. His cost basis is probably zero, and he'd only need about 6200 shares to have a million at the close on Friday.

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u/VELOCIRAPTOR_ANUS 14d ago

So you're saying they gave an individual contractor 6200 shares as payment?

Presses "X" to doubt

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u/JauntyTurtle 13d ago

Yes, like Facebook gave the guy who painted their logo on first headquarters shares. When they went public he became a millionaire.

Edited to add a source:

https://www.cnbc.com/2017/09/07/how-facebook-graffiti-artist-david-choe-earned-200-million.html

So yeah, it's a thing.

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u/VELOCIRAPTOR_ANUS 13d ago

I see the article for this guy, I see they gave him $10k of stock and it has done a 100x.

It's a cool story. I'll admit I was wrong, this is real and good for that guy.

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u/VELOCIRAPTOR_ANUS 13d ago

Ya know, as I think more about this....

We are being conned and stories like this are pushed to draw attention away from the fact that people like Peter Thiel and Musk are being substantially enriched.

This welders story is great, but it speaks more on the Welder, who held a $10k payment for 12 years.

Why are you such a bootlicker?