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Company uses stock to squelch employee poaching, other things (BuzzFeed)

June 23, 2016

Palantir Technologies is spending $225 million to buy back stock from current and former employees, but there’s a catch, BuzzFeed reported. Those current and former employees must agree to not poach Palantir employees for 12 months, renew their nondisclosure agreements and promise not to sue the company. The Palo Alto, Calif.-based data company is the third-most valuable tech startup.