alt Hacker NewsThis has nothing to do with antitrust. Not like the current administration is going to enforce it anyways. Nvidia simply wants Groq’s tech and leadership without the burden of 500+ employees.
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Of course it has to do with antitrust.
In an America with robust, sane antitrust, first of all, a company as big as Nvidia probably never exists in the first place. Second of all, if it does, an "acquihire" like this will have to pass regulatory muster, regardless of whether it's a full-on corporate acquisition.
Because in an America with robust, sane antitrust, if a company as big as Nvidia does exist, it is operating under fairly tight strictures as a company with heavy market dominance. It does not get to just act like any other company.
That's what antitrust law is for.
Nvidia should still pay the 500+ employees their due, based on their percentage of ownership.
I've posted this in many threads about startups. I have worked at 2 and had bad experiences at both.
Why didn't I get any money from my startup? - A guide to Liquidation Preferences and Cap Table
https://old.reddit.com/r/startups/comments/a8f6xz/why_didnt_...
I have told people that before they join a startup ask about the liquidation preferences and cap table. If the ownership doesn't tell you then consider that a red flag.
I would add this new Groq scenario to the list of questions to ask. "Can you and the executive team go to another company with the IP leaving the employees behind with stock worth $0?" Maybe phrase it better than that but I know a few former coworkers at Groq. I didn't know them well but this probably stinks for them.