Why Twitter's stock plunge is especially bad for its employees
At its IPO, Twitter had more than 85 million outstanding shares subject to RSUs with an average grant-date value of $16.89. With about 3,900 employees, Twitter is almost twice as big today as it was then. When the stock was trading in the $40s and $50s from 2013 to early 2015, employees were getting paid in restricted stock at those prices. Of course,...