zlacker

>>BirAda+(OP)
>On the 15th of December in 2000, NVIDIA announced that they would acquire 3dfx Interactive’s assets for $70 million ($121,613,821.14 in 2023) and 1 million shares of common stock.

Those million shares are worth about $5.7 billion today ($238 stock, 1:24 cumulative split since then).

>>ddeck+G3
Heh, I owned 3dfx stock when they folded. I saw 0$ of that transaction.

>>nerpde+E6
Pretty sneaky huh?

>>djmips+fd
What’s sneaky? The company was going bankrupt and the deal was approved by shareholders. When you go bankrupt or dissolve, creditors get paid before shareholders. That someone owned shares and saw nothing is how bankruptcy works (and should work).

>>cowsan+2v
Common shareholders get peanuts, C-suite gets tens of millions in retention incentives. Not saying that's what happened here, but that has happened to me in the past. As a small time shareholder what do you do? Assuming its even mathematically possible to do anything.

>>bcrosb+LY
It was bankruptcy, so I suspect all shareholders got nothing. You're probably thinking of a startup getting bought for less than investors put in and finding about about liquidation preferences.