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Due to malicious layoffs and stock option cancellation disputes under its VIE structure, Xiaohongshu may see its Hong Kong IPO process affected, resulting in significant discounts in valuation and delays in listing timeline.
Elon Musk confirms that SpaceX gave stock to all employees, including highly skilled workers like tube benders and cleanroom technicians, who will make significant fortunes.
After Shopify's stock dropped 80%, CEO Tobi Lütke rebuilt the compensation structure to let employees choose their mix of stock, RSUs, cash, and Shop Cash, adjusting quarterly.