Facebook folks - I will be joining Facebook in a month and the recruiter told me about plans to start a ESPP program soon. I would be interested to know any internal rumours/updates on this.
AFAIK, none that I am aware of.
So here is probably how the convo goes... Recruiter.. bs pitch pitch. Fb is heaven blah blah You.... but ms has espp. How much is discount for fb espp? Recruiter... fb doesn't have espp, but there are some rumors that we may start giving espp Haha You got duped! Oldest trick in the book! You tell someone about a rumor because it can't be disputed. Sales people do this. Recruiters are sales people. Realtors do it often.. i heard a rumor that google will open an office in the area. Hahaha!
Yeah.. FB recruiter told me about stock split rumour.. I had to immediately make it clear that anything can happen in future ... I also heard positive n negative rumours about fb stock price..
I wouldn't base a decision on it. Recruiters will say anything to tip the scale. I've fallen victim to this before.
Having “plans” is very different than a commitment. Pandora has plans to add 401k matching. Lol. It gives you some negotiation power. They lack something others have. Go get a extra 5-10% on base salary and you won’t mind the lack of ESPP for the next few years.
They told me that about 3 yrs ago. They're just trying to close a deal.
Never heard a word of this. Don't base decision on rumors.
I haven't heard anything about this ever here.
How was the interview ?
I have not heard anything serious about this either.
What is ESPP?
Employee stock purchase program. Discounts on stock if I remember correctly.
Yepp, Employee stock purchase plan. You get stocks at 10% discount. Essentially free money. 😀