Company stock down 50% since joining

Feb 27 518 Comments

I worked at one of these high growth companies that’s stock did extremely well during Covid.

I joined about 4 months ago and the price was already down 50% from all time high. I was thinking my RSUs would moon once the stock came back up. Whelp, it’s dropped another 50% since I’ve joined. My 50k/year in RSUs is worth less than 25k now.

There’s a ton of companies in this same situation (Peloton etc).

Should I just ride it out or jump ship?

TC: 210 + 20k RSU

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TOP 518 Comments
  • Cerner
    ufzq35

    Go to company page Cerner

    ufzq35
    If you get a better offer, leave if it feels right
    Feb 27 4
    • New / IT
      IVRockstar

      New IT

      IVRockstar
      or he leaves and then his new company tanks 50% and his old company moons 500%. I say give it a little more time, pay attention to the team, if everyone starts leaving and the work is looking more and more bad, then you can take the leap
      Mar 1
    • Lemonade ain't mooning anytime soon, even at $22 they're probably overvalued still

      Obviously I'm biased, but if they can't even make a profit on renter's and pet insurance, how the fuck do they expect to succeed in the much more competitive auto market? They're about to dig themselves a big ol hole of losses IMO
      Mar 2
  • Amazon
    221BakerS

    Go to company page Amazon

    221BakerS
    Which company?
    If you name the company people can tell whether it's good to stay or not

    And yes leaving now to another stock that's down, and has potential upside would be good decision.
    Feb 27 6
    • Amazon
      221BakerS

      Go to company page Amazon

      221BakerS
      Yes seems like Lemonade!

      But OP is an a$$ hole, replied to one comment down somewhere but never to this speculation of the people!!!
      Mar 1
    • Mammoth Biosciences
      JCDS85

      Mammoth Biosciences

      JCDS85
      RobinHood?
      Mar 2
  • Affirm
    ncmajg14

    Go to company page Affirm

    ncmajg14
    Considering such a tiny portion of your TC is from stock, it doesn't really matter whether you stay/leave
    Feb 27 5
    • Financial Service Company
      58008

      Financial Service Company

      58008
      I'd be ok with my Affirm stock being down. Love the company. Have an interview coming up soon with them
      Feb 28
    • Amazon
      ibn

      Go to company page Amazon

      ibn
      BNPL is such a shaky business idea to begin with. This is one reason why Amazon was happy to partner with affirm as they absorb the losses from no payments. Amazon only shares the same commission that it provides it's affiliates with. Affirm is not even a bank that it has deposits to tap into. From what I hear, all BNPL companies are losing their minds over rising delinquencies. Expect to see a lot of consolidation in this space. VCs just treating it like pump and dump scheme
      Mar 1
  • Tech doesn’t last forever.. AI codes itself.. get an MBA for big bucks
    Feb 28 17
    • Amazon
      wife’sBF

      Go to company page Amazon

      wife’sBF
      See this is what I meant by reading jargons, if you were in tech you would know this copilot is supposed to be a dev assitant and not a dev replacement!!

      Its like a type ahead you do on google, where you get suggestions on what you want to search but the final decision is with you.

      Writing code is complex, writing logic is even harder and then building large scale system off all these small components takes huge effort, this tool is merely an assitant and even a bad one at that!

      You are repeteadly making a fool of yourself, I am pretty sure you are not what you claim to be. I have realised you are just a dumb person claiming to have smarts and my time is just wasted here coaching you, I am not getting paid for it and hence am not going to educate you.

      If you believe in your theory good for you, it doesnt concern me at all. One day you will meet a dev like me who will shatter your belief system.
      Mar 1
    • Thermo Fisher TC or STFU - also MBAs' can kiss my sweet ass. All MBA's I see on LinkedIn - including those I've met in Industry - are folks who've hit their industry plateau and need to dish out 200K+ (this is inclusive of foregoing 2 years of salary) just to get another 20-30% raise. Pathetic. And don't even get me started on those who add `MBA` to their LinkedIn or let alone their bloody Company email signature (usually those who attended the lesser known schools tend to have this inferiority complex). THAT SAID.. those who are bound for success in life (eventually) really can accelerate their trajectory by <bold> embellishing </bold> their credentials via an MBA (e.g. Presidents/to be CEOs/the ex-PM of Israel - that mother fucker was eloquent as FUCK when he was barely 29). Sorry. TL;DR : MBAs can go fuck themselves
      Mar 1
  • Apple
    appleinsdr

    Go to company page Apple

    appleinsdr
    Sq or PayPal or affirm?
    Feb 27 14