Compensation is the biggest pro. Also, unlike other hire to fire companies (most tech companies at this point in 2024), you at least have a chance to prove yourself and are given a couple months to onboard. There are worse tech companies out there such as Amazon and Intuit, but Meta’s culture is still quite terrible. They try and justify the long hours and stress with how much you can make - Meta still pays more than any other major tech company, even in 2024, which is definitely a pro, but the culture is cutthroat and you can’t trust anyone. It would probably be easier to work two remote jobs at “less prestigious” tech or tech adjacent companies to make the same amount at Meta with more stability, better WLB, and less drama.
Pretty much the same as what one would experience at most tech companies in 2024. But some aspects are better or worse than others. Long hours. WLB is highly team dependent. Apparently Meta used to be a lot better in this regard, but now not so much. It is intense, but if you have startup experience, it is at least less intense than that. And again, it is more fair than a place like Amazon. Office politics are a thing at all tech companies, but a little more extreme at Meta. Blame and shame culture is big. People are snakes and are prepared to throw even the newest and most vulnerable employees under the bus to save their own skins. This makes things quite unfair, but as long as you’re proactive and document everything thoroughly, you’re at least given a chance to refute these attacks. A lot of gossip and backstabbing. This is separate from and still related to PSC culture, which everyone complains about. Management is terrible overall. Sometimes there is micromanagement. One of the few companies where it’s possible you’ll have a manager younger than you, even if you’re only 27-31ish. Often ICs seem to be held accountable for things that are way beyond their day-to-day scope - basically things that are ultimately the fault of leadership and management. Management frequently tries to pin things on their employees. Your manager is often trying to screw you, and if they can’t find a way, they are often trying to invent things you did wrong. This isn’t a dealbreaker because as long as you’re doing your job, it is easy to refute, but it creates a ton of work because you have to be extremely well-organized and have documented every interaction with your manager colleagues. I recommend studying employment law / consulting with an employment lawyer early on in your tenure at Meta, so you know what to look for. Because it is a massive tech company, you are there to please your manager and make them look good, so you need to do pretty much whatever they say. there’s a lot of internal conflict because it’s very authoritarian, also fairly draconian, and it’s bottoms up at the same time, every man for themselves. Do everything your manager says and it is somehow still all up to you as an individual employee to make the company successful. To top it all off, your colleagues suck too. People brag about work that YOU did as being THEIR work that THEY did if it is successful. If a project involving multiple people is so much as an hour late, then YOU are blamed, even if you had nothing to do with the lateness. The lateness itself isn’t really the problem because guess what? It’s not anything is broken. Except for when things do break and the whole app crashes for a day because everyone is forced to focus on office politics instead of their actual work. it’s not really about the value you create, so much as it is the PERCEIVED value you create and whether or not your manager likes you. Ergo, a lot of bootlicking charlatans make it to the top.
Currently in Reality Labs. Cool tech, but I’m appalled by the waste of resources here. I’m also pretty invested in Meta RSU and need to diversify. Considering closing my current meta position and buying ~150k of VOO and ~150k of AMZN Why AMZN? Can take risks (no family / debts) of single stock AMZ...Read more
https://www.ft.com/content/272cfc69-b268-45ac-88d6-d55821f27e78
If someone in your family works at meta and you do buy meta stock for long term is that legal?
What are the odds of Meta stock continuing to go up? Would you buy or sell now? Tc:280 #investments #personalfinance
It is now just 26B. Back to its ipo, it was just 60B at most. Meta would rather change its name instead of just buying it like MS bought LinkedIn. Now Meta looks like a shit show.
We need to hit the travel industry and we can get it for cheap now. What y'all think?
The price is too low to ignore. They will still be making over $70b per year even by conservative estimates. And the investment to FRL etc. is nothing compared to the cash they have in bank. I'm planning to put certain percentage of my paycheck for next 6 months to buying $META. What would be the r...Read more
Could Meta buy Intel? Seems like a good fit. Intel could use a visionary leader like Mark Zuckerberg. And Intel can produce all the chips for servers and headsets. Employees at Intel might be older and complacent but Mark can fly over from Hawaii and fire them.
Now Meta has been dumped a lot by investors. Should we start buying? What do you think? Current price: 93.20$ (for reference)
Could Meta buy Intel? Rumor is that strategy consultants at Bain are working with Bill Gates through his foundation to help merge Meta and Intel. Gates and Zuck are close. Gates used Intel to beat Apple. And he has handed Zuck a roadmap to beat Apple. The layoffs at Meta and Intel are to prep for Me...Read more
Every time I think of buying, stock is already all time high and so I think what's the point of buying high it will eventually drop. Would you still consider meta and nvidia stocks to be a strong buy ?
Meta’s PE is under 15, 50B cash on hand (10% of market cap), negative short term sentiment, generating tons of cash. Super strong fundamentals. Buy buy buy, I haven’t seen a deal like this since AAPL in 2013 when everyone was so negative on its future under ‘loser’ Tim Cook. TC ~300k
meta stock keeps on going down. I have been averaging it, currently at 63k loss. What's the recommendation? #fb #meta
I have 700k in AAPL and it’s like 70% of my stock portfolio. Would you sell 100k of AAPL to buy 33% of NVDA, META, TSLA if you were me?
Given all the uncertainty and recent crash in the stock, are Facebook employees holding or selling stock or even buying? #FB #Facebook #stock
META stock had a great run some 170% in the last 1 year. Is it a buy or sell before earnings?>
As part of relocation benefits they budget for closing costs of a new home. Am I crazy to think I may be financially better off to just buy a small home to live in and sell/rent it out when I change jobs or location a year or two down the line? Anyone hear of people doing this? I'll be moving to Se...Read more