This is low-key awesome! Like, we've allowed one company to become so powerful that they can straightup demand a portion of yourself in order to do business with them!!! Hopefully the US soon allows corporations to be congressmen and senators to ensure complete dominance on all aspects of regulation and other threats to profitability!
I think we should begin thinking about not only "unpaid" internships (if there was no value, no one would do them), but also "admission costs" for internships. If you want that little FAANG blurb on your resume, you gotta cough it up. The lifetime value of that internship probably exceeds a million but a solid 5k sounds good to me.
There is a proposed law right now in the USA to disallow platform owner to own companies that use it platform. There was hn story earlier in the week. Couldn’t find link, pardon
Is there such a thing as insider trading for a company? Let's say for example that getting a contract with Amazon is likely to increase the stock value of company X. If a employee from X told me they were nearing/secured a deal with Amazon and I bought the stock before a public announcement from X I am guilty of insider trading no? Is bundling a sell of stock like this not similar?
This development came from amazon India as government came up with a law to prevent e-commerce platforms from selling on their own platform. So amazon started by selling off the equity on largest amazon sellers which were amazon companies to wealthy people in India.
