How can you do your taxes if your trades are not executed?

You use the numbers provided by your broker at the end of the year.

So the IRS has no way of validating these numbers (they do require brokers to provide the numbers these days)? Overall I'm just not buying that this story is true, in other words.

What makes you think the operators are giving correct numbers to the IRS, or that the IRS would necessarily detect something like that on a fairly small scale?

(I have no idea how any of this works, but I would assume that if they're willing to defraud their own customers they're probably not acting entirely above board on the associated tax paperwork either.)

I just think this story is not worth talking about. Two people created a fake website. That is the story. This is a span story.

Bad Blood is an awesome book. Really disturbing. There's a story about a naive stanford grad who joined Theranos and tried to blow a whistle internally when he realized that the "Edison" (a Theranos-based testing equipment) was BS. Holme's right-hand-man destroyed the kid, fired him, and even turned his grandfather against him (who was an investor - these Stanford fucktards and their legacies). Of course that stanford person is now pursuing his own startup...

Bad Blood has not had the impact in SV that it should have. The stock market needs to crash and the myth of steve jobs needs to die :-(

> The stock market needs to crash and the myth of steve jobs needs to die

It's not all about myths. The interest rates are still very low especially for the rate of growth. Decent returns are hard to find and people are willing to chase just about anything. Ofc, her decision to copy alot of Jobs' style made for some easy pickings.

Glad to see founders get the employee treatment ;-)

Except its more like employees getting the employee treatment.

I'm playing the smallest violin in the world for these guys, a la Reservoir Dogs :-). I hope they can find a new job :-( if they can't suss out this 2b :-(((

Makes sense. Hardware/software overall is monopoly-determined. If you are looking for an exit or a business model in the startup world you have to do something unique. This whole scheme was dead in the water, IMO.

I think this company is very emblematic of the tech bubble. Someone with a name and not much more is able to raise a staggering $330m with nearly nothing to show for it down the line, and 95% of people paying attention could have predicted it was going to be a flop.

Driving in a gas powered automobile is a lot more barbaric than drinking beer ;-)

Would like to see the gig economy move off of human labor. Do any of these companies like Grab or Go-Jek have much of an autonomy story or any real competitive differentiators?

If not, this whole space is otherwise a race to the bottom and a question of who can raise the most money. The fact that money from Softbank and Alphabet is allocated to competitors illustrates that it is very unclear how these companies differ from one another.

More likely a new grad will get nothing: recruiters, dilution, and taxes will see to that.

Dropbox probably moved to RSUs at some point over the past few years, so this is only true of the last batch of options holders depending on the strike price.