submitted 2 months ago by Yuritopiaposadism@hexbear.net to c/technology@hexbear.net

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[-] hellinkilla@hexbear.net 15 points 2 months ago

Is it good when your shares are worth 30¢ each?

[-] unmagical@lemmy.ml 14 points 2 months ago

I'm wondering how you got that number cause it's several orders of magnitude off the actual share price.

[-] ComradeSpahija@hexbear.net 15 points 2 months ago* (last edited 2 months ago)

I'm guessing they either read two times "million" or two times "billion," and then just did 29/96

[-] hellinkilla@hexbear.net 13 points 2 months ago

Yes thats correct.

I will leave it in place as a cautionary tale.

[-] FuckyWucky@hexbear.net 13 points 2 months ago* (last edited 2 months ago)

it's not 30 cents but Musk actually pays several magnitudes less than market share price

He has to hold the shares for five years and can buy them for $23.34 per share, the same as the exercise price of the 2018 award

this post was submitted on 04 Aug 2025

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