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.
Are these safe for long term holds? Like for 5 years
Hock Tan just joined Meta's board. They are probably already making the ASICs for Zuck so he can buy less Jensen GPUs.
Are folks vocal about not investing in Facebook due to the ethical reasons aware that they are indirectly investing via index funds or just too woke to notice that? Edit: To the folks not able to understand this, I’m talking about the hypocrisy that people just randomly comment about FB without rea...Read more
Seems like what alibaba stock was last year. Solid business atm but stocks keep getting dumped. Why are people losing belief in this company? Honestly, even if there is an app that can be as addictive, it’s not like you can build the infra and data centers. I dont believe you can do what meta did o...Read more
Meta seems to have ridiculous low P/E. With WhatsApp and Instagram, they can easily increase revenue. TC: $180k YOE: <; 1 NW: ~$57k
I am currently evaluating an offer from FB. To all those who are currently with Facebook - Am looking to find out if there are any restrictions on where/when can employee invest. If you come from a finance tech background - you would know all the restrictions that are placed on employee trading, ...Read more
Hey FB folks. Congrats on the zooming stock. The on hire stock grant on E5 is already high 500k+ With the zooming stock what does your comp look like Let's get it going Level/YOE/onhire grant/current value/year of hire
Below is open letter but are big investors privately forcing Zuck to do layoffs and reduce costs (headcount)? https://www.cnbc.com/amp/2022/10/24/altimeter-capitals-brad-gerstner-calls-on-meta-to-slash-headcount.html TC 420 k YOE 7 #meta #google #amazon
How much signing bonus is reasonable to expect from Facebook to cover unvested equity (Director level)? Is it the recruiter’s budget for SB determined based on a certain % of total package, a certain timeframe for upcoming vests, etc.?
I remember reading a post last year where a person mentioned that he/she invested the entire life savings in Meta when it dropped to ~100. What a great decision it turned out for that person, more than doubled the savings in 1 year. Must be chilling in the Bahamas :)
Please advise. As title says, looking to put around 50k into this. But need to catch the falling knife folks.
I'm now up 2%. WOOOHOOO! I'm grateful, because it could be worse with this market. GLTA! TC 450k #meta
I need help! Never actually did any investment although I earn good money. Inputs: I live in Dublin/Ireland I currently have cash ~25k euros willing to invest I already started putting first 1k into crypto. What else should I do? Wanted to try stock market, how to start or where to go? I can sav...Read more
1) Average cost basis 2) Position Size 3) Realized/Unrealized loss TC: 109k (with Diwali bonus)
The company is so diverse, beats expectations every quarter and has major growth catalysts (AWS, Ads, Retail profitable on its own). Up 79% last year only to be 8-9% below ATH. Nvidia on the other hand is showing new ATH every day.
In an interview with a tooling engineer at Facebook, the engineer said that something like 30% of engineers at Facebook are dedicated to tooling. Can’t remember exactly what that was encompassing (does that include backend infrastructure?), but I was astounded at the number. Can someone clarify? Is ...Read more