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SquishyQuokka
SquishyQuokka
Stealth

Flipkart esop buyback? Did anyone got to be a millionaire?

Employees @Flipkart are set to receive a one-time cash payout from a $700 Mn employee stock option plan (ESOP) buyback. ⁠

20mo ago
FuzzyLlama
FuzzyLlama
Stealth20mo

It was reported that 30k employees will benefit from it, but 200mil of sorts will go to 30 odd early employees. So only them mostly, rest will get peanuts.

FluffyTaco
FluffyTaco
Stealth20mo

As per reports it's just 20% of their vested + unvested shares. So not much. Chill out

JumpyPotato
JumpyPotato
Cred20mo

I think many early employees would've sold during walmart acquisition right..

WobblyBanana
WobblyBanana
Stealth20mo

Nope

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