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Are Palantir employees' Common shares worthless?
Original post made
by Palantir_Watcher, Downtown North,
on Feb 23, 2016
I heard from a well-placed acquaintance today that because of the share price at which Preferred shares of private unicorn Palantir have/are being sold at right now, the company's share preference structure is such that Common shareholders - ALL employees, for example - are now worth exactly nothing.
Because Palantir's building leases account for ~25% of all downtown Palo Alto leased office space, this is a troubling indication that the popping of the current Internet bubble is or will soon have a significant impact on downtown Palo Alto commerce.
Anyone care to comment?