Pay is high. You’ll get more for the same level compared to Meta or Google.
Floundering leadership Blatant favoritism Flat growth over a decade Bleeding employees like crazy
Why is snapchats operating income at - $500M even after their q4 revenue rose from double digits to $400M? Operating costs that high?
Just found out OnlyFans revenue was 8.5bil with 2.5 bil income. This is much more than Snapchat 🫣
Because I've never used it before. Maybe because I'm old? (30s) 99% of the revenue is from Snapchat. 1% from Spectacles (whatever that is) What Is Snapchat The actual Snapchat app allows users to share images and videos with friends and followers. Snaps, as they are called, are short-lived, with ...Read more
I was affected by Nov Layoff. I was E5 at Meta. I interviewed at 20+ companies and managed to get 1 offer recently. My offer is from SNAP with 410k TC.. my Meta TC was 370k (after stock crash). Due to recent economy and rumor of SNAP layoff I am thinking might as well take a year off and travel a...Read more
How is the culture? Is pip more prevalent? I interned at Snap on an LA team and had a positive experience, but I’ve been hearing that the Seattle office is toxic because it has a lot of ex-Amazon people. I was thinking of joining the Seattle office because I’d save more money (no state income tax, l...Read more
I used to learn everything I could about things like real estate investing and project ideas to create more monthly income aside from my 9-5. Now i just shove money into a brokerage and play video games. anyone had a similr experiencr and snapped out of it? tc 180k (low COL area) edit: wife also m...Read more
Quite surprised with overreaction and unexpected pop after hours? Here’s why you shouldn’t hop on the bandwagon just yet: 1. Total revenue grew from 26.1B to 27.9 B (+7%) but Operational expenses increased by 31% 2. Income from operations decreased by 8% 3. Net income decreased. 4. Reality labs ...Read more
I couldn't really seem to find any information about whether RSUs (or bonus) are included as income for mortgage qualification. Given that in tech, RSUs are a significant portion of comp, it'd make a pretty significant difference. Curious if folks can shed some light. Thanks in advanced blind fam ...Read more
Hi All, I’m in the process of getting an offer from Snap for an L4 PM role, and I have been asked to share my preferred location, without being told if it will affect my package. (side question:) 1. Can I expect the standard L4 SWE package: 190k/750:4/0 => TC = 377k? Or should I expect less as
For those of you who have been at Snap long enough to know the answer to this, what do annual equity refreshers and salary bumps look like at the company as a % of base salary or % of initial grant amount? Talking to a friend who is considering an offer that comes with $1M equity, which makes his p...Read more
Hey Everyone, I'm in a bit of a tight schedule to get a job, and willing to pay additional income for successful job referrals/placements. I am Canadian, 5+ years as fullstack or Frontend developer. I have experience with the MERN stack + postgres/cloud services. If you know your company is looki...Read more
First time trying to get a mortgage. I’ve heard that I should stay away from the big commercial banks and try an online mortgage firm or a regional bank. I’m in Los Angeles and majority of my income comes from RSUs. - Been at Snap for longer than a year - 1M- 1.5M range w least amount down, like 5...Read more
Hi everyone, I recently finished my PhD in the machine learning area and after interviewing, my best offer was from Snap for an L4 ML Engineer position with 370k TC: Base: 165k, equity: 615k (over 3 years with ~$75/share) Now with today’s stock price the TC is about 300k. When it was close to the of...Read more
Lived in TX when I’ve got an offer from Snap and moved to CA a day before the first working day, now planning to move out of CA. I know that CA will consider RSUs as a taxable income if you get them while being in CA. In my case, I was physically present in TX, when I’ve got and signed the offer. ...Read more
I have to sell some stocks in portfolio to pay contractors. Didn't plan on doing that but a money whoch was supposed to be paid back to me is not arriving on-time. Should I see stocks which have made me profit or the ones at loss currently? I have stovks like FB, SNAP, which are green, on the othe...Read more
I terribly miss those Saturday posts: - 40 yo dude bragging about their body count of two they achieved by moving to New York and doing an ama. - prestige posts by apple employees - pip posts by 🍌 - Tech dudes fighting over prestige and salivating for finance shops - Buy high sell low. Get thera...Read more
Hello everyone, I’m an CS undergraduate student who’s internship just got rescinded unexpectedly and an in a really dire situation right now. Really tight on money and I come a very low income family with both parents recently being laid off. If anyone is still hiring immediately/ASAP for this sum...Read more
So these are my current offer letters in hand, wanted to get your opinions on this - 1. Meta TC - 250k $ : base - 160K; RSU - 280k (vested annually); Bonus - 20K Position - E4 (Mid-level Security Engineer) Work location ->; Menlo Park CA (WFH not an option) Rationale - Bay area is pretty expensi
Do ppl really not realize half the drama on the Internet and tiktoks they watch are artificial entertainment that's been pre-coordinated to grab views and likes? For example the lena the plug and jason bullshit these mfs planned it and knew they'd get millions of views and stir up drama with this d...Read more
Hi Blind Community, I would like to request your one act of kindness this week by sharing a referral to FAANG+ Companies. I'm an industry Program Manager converted to Software Product Manager. Primarily worked in big Fortune 500 Companies. I've been struggling to reach higher income levels a...Read more