Realbase founder Frank Greeff sold company for $180m but didn't share equity with most staff
By
@winkypop.bsky.social
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
Frank Greeff, the founder of real estate marketing platform Realbase, sold his company to Domain for $180 million in April 2022 but did not share equity with the vast majority of his staff, meaning only a tiny circle benefited from the exit. Greeff has since become a prominent voice opposing the Albanese government's capital gains tax changes, using AI-generated images of Anthony Albanese in a viral social media campaign dubbed "co-founder Albo." The article highlights the irony of Greeff campaigning against tax changes while having excluded most employees from the financial upside of his company's sale.
Key quotes
· 3 pulledThe $180m payday that 'meme king' didn't share with most staff
Frank Greeff, the Sydney entrepreneur who sold real estate marketing platform Realbase to Domain Holdings in April 2022, has emerged as one of the loudest tech sector voices opposing the Albanese government's overhaul of capital gains tax.
He's the face of the viral 'co-founder Albo' campaign. He's also the founder whose $180 million exit handed a payday to a tiny circle while other staff were kept in the dark.
You might also wanna read
Australian Greens renew push for gas export tax to fund renewable energy transition
Senator Steph Hodgins-May reflects on the Australian Greens' decade-long campaign to tax gas exports, arguing that massive polluters and cor
greens.org.au·1d ago
Miljardenplan voor verduurzaming chemiereus Dow in Terneuzen definitief gestrand
De Nederlandse overheid had een historisch bedrag van maximaal 3,6 miljard euro klaarliggen om chemiereus Dow in Terneuzen te ondersteunen b
buff.ly·1h ago
Choose France 2025: €40.8 billion in investments announced at Versailles summit
The article covers the ninth edition of the Choose France summit, organized by Emmanuel Macron at Versailles, which aims to showcase France'
l.leparisien.fr·1h ago
China's State-Owned Enterprises Absorb Indonesian Nickel Assets After Jiangsu Delong Bankruptcy
The article examines how Chinese firms and state-owned enterprises, including China First Heavy Industries (a military-grade metals supplier
warontherocks.com·2h ago
Peter Thiel Relocates to Argentina, Citing Concerns About U.S. Future and Alignment with Milei
Peter Thiel, the U.S. tech billionaire, is relocating to Argentina, motivated by concerns about America's future and ideological alignment w
nytimes.com·2h ago
EU Packaging and Packaging Waste Regulation (PPWR): Key Provisions and Compliance Requirements
The EU adopted the Packaging and Packaging Waste Regulation (PPWR) on 19 December 2024, effective 11 February 2025, replacing the previous d
lw.com·2h ago