Juul employees get $1.3 million bonuses thanks to Big Tobacco

Juul employees are about to get some hefty bonuses, thanks to a new investment from one of the largest tobacco companies in the world.

Altria, the parent company of Marlboro maker Philip Morris, invested $12.8 billion in Juul, valuing the e-cig company at $38 billion, according to Bloomberg.

That makes Juul more valuable than Elon Musk’s SpaceX, Airbnb, and Pinterest. The investment also comes with a big pay day for Juul’s founders (who are now part of the billionaires club) and employees. The company is preparing fat bonuses for its workers, which will average about $1.3 million each, CNBC reported.  Read more…

More about Tech, Vaping, Juul, Tech, and Health