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Pretty shocking, especially considering the equity he's presumably walking away from. More power to him.

I doubt he's walking away from much equity at all. He's been with Twitter a long time. If he isn't 100% vested, he's got to be pretty close.

Yeah but would it be worth anything pre-IPO?

Maybe it's worth _more_ pre-IPO!

If he's vested, he can always just exercise his options with saved cash and then hold the shares until the IPO.