from Hacker News

Former Parler CEO Matze Stripped of All Company Shares Upon Firing, Sources Say

by molecule on 3/3/21, 6:20 AM with 24 comments

  • by noja on 3/3/21, 7:59 AM

    This is such an American idea, I don't think it happens anywhere else: if you have something like shares, or a pension, and you get fired, how can you stop being entitled to those things?

  • by throwaway4good on 3/3/21, 8:29 AM

    When the Parler debacle started I was curious about the founder so I went on YouTube and found a podcast / interview he did with a Chinese girl he knew from college about the COVID-19 about-to-be pandemic.

    The video was titled:

    China vs. United States COVID-19 with Ping Ping and John Matze

    https://www.youtube.com/watch?v=yFwL2K8UitA

    And to be honest I was expecting Steve Bannon's War Room like ranting and conspiracy theories coupled with some off the charts nationalism.

    However it was nothing like it. He came across as well-reasoned and genuinely curious on what was happening.

    Parler is being taken over by monied alt-right people and the founder is being dragged through the dirt and then spit out. Probably a fascinating story there.

  • by vr46 on 3/3/21, 7:55 AM

    What was that old saying about lying down with dogs again?

    Unusual approach in firing, incomplete story, however.

  • by phenkdo on 3/3/21, 11:02 AM

    Clawbacks of vested shares are rare, but happen when the firing is "with cause" or due to criminal activity/conviction etc. Not sure what the situation is here, but it might be headed to court.

  • by denkquer on 3/3/21, 8:32 AM

    kara swisher killed a man.

  • by freitasm on 3/3/21, 9:05 AM

    My reaction: oh_no_anyway.jpg

  • by somethoughts on 3/3/21, 8:32 AM

    At one point it seemed like the birth of conservative social media companies could provide an amazing catalyst to the growing tech industry in conservative states and enable more talented people to participate. Unfortunately it seems like the conservative management mentality of treating tech as a replaceable cog in a machine and as a cost center will be a barrier for the time being.