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[email protected] • 10 days ago

Philz Coffee Being Sold to Private Equity Firm for $145 Million, Employees Reportedly Getting Screwed Out of Their Stock

cross-posted to:
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277

Philz Coffee Being Sold to Private Equity Firm for $145 Million, Employees Reportedly Getting Screwed Out of Their Stock

@[email protected] to

[email protected] • 10 days ago

cross-posted to:
[email protected]

The once-trendy, San Francisco-born coffeeshop chain Philz Coffee has struck a deal to be sold off to a private equity firm for $145 million, but any employees who bought stock are getting the shaft, as they won’t see a penny of that money.

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@[email protected]
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4•10 days ago
Can you just sell right now in the least? Like if you were quick enough, would it be possible? I guess not.
- @[email protected]
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  fedilink
  33•10 days ago
  Who would buy it? The minute they announced this deal the value effectively went to 0.

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