this post was submitted on 17 Jun 2026
261 points (97.5% liked)
Technology
85542 readers
3474 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There goes all the money raised in the IPO.
Don't worry, the losses will go straight to the retirement funds.
It’s a stock deal. At $2.5 Trillion valuation I’d say this is chump change.
I bet it will be a stock deal.
It was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though.
That's also more shares that will be offloaded when insider blackout periods end
It "was" not anything, as it is still upcoming.
They will take a volume weighted average closing price of the seven previous days:
Interesting, so they've agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.
I guess the earliest would be in July, because they also stated in the same document I linked:
AFAIK it's less than 10%. But it's a start. 🤣🤣🤣
The IPO reportedly raised $85 billion
Valuation (which is where that "over $1 trillion" comes from) is a different thing entirely
Yes of course you are right, my bad.
The 1 trillion is an extrapolation.