Ex-Twitter Employees Freaking Out Because They Can't Sell Their Stock
J Thoendell stashed this in Tech
Former Twitter engineer Sara Haider, Chad Woodford, Twitter's former product and business counsel, Mischa Nachtigal, who used to work on media and content partnerships, former engineering managerMark McBride, and others appear to have chimed in on a private Facebook thread about the mismanaged lockup period. I've reached out to Haider and others on the thread to confirm that their statements haven't been doctored.
I also asked Twitter to verify the details and whether the issues have been resolved. Ananonymous reader in Kinja, who directed us to the Facebook thread said "basically no employees have been able to sell," except executives. According to the thread, a Schwab representative said Twitter placed a hold on exercising options and Schwab did not expect the hold to be lifted until this afternoon.
Twitter's former head of communicationsSean Garrett wrote that Twitter sent out an email after the market opened saying:
"There was a glitch in the exercise functionality with Schwab, but it has been turned on."
Haider, who now works at Secret, did not take the news well:
"a glitch? a fucking glitch. wow, just wow."