Hey fellow META blinders! This question is specifically for you. I would assume a lot of you have enrolled for ESPP (please educate me what the ESPP policy is for META) and might not have sold a good amount of META refreshers. What’s your thought process? Do you think the stock would come back up? Do you think Metaverse would actively generate revenue like the mobile apps did back in 2012 (Read Sheryl was even against it, but Zuck still managed to win)? But, there is a good chance META could end up like IBM/GE which were like big tech till 2000s, whose stock could possibly never reach their ATH. TC: 240k YOE: 2
Doesn’t Oracle own a stake in US Tiktok? Meta winning == Oracle losing
Meta does not offer ESPP, only initial grants, annual refreshers, and dumps at promotion.
Oh good to know! Thanks
What is a dump at promotion? Is that granting new RSUs to bring you up to the target RSU count for the new level?
Meta has no ESPP ? Wow
Sheryl was an incompetent figurehead kept for DEI/LeanIn and image purposes.
I disliked Sheryl on a personality level, but she’s probably 90% of why FB ended up being the revenue behemoth it is today. Mark absolutely needs someone business minded like her.
No she’s not. It happened despite her not because of her, she was just a figurehead. The VPs and key TLs achieved that.
I like how you conveniently ignored Oracle in your examples where you included IBM and GE.
Oracle stock might be going down but folks from Oracle are going to Google
Oracle’s stock hit ATH last year. And Oracle’s revenue never went down (it was mostly growing up consistently with single digit growth but hit double digit last quarter). So, how would you compare it to IBM/GE? I do agree that the work culture in general isn’t great, but my team is doing pretty good work (generating a lot of revenue too) and I had learnt a lot in last couple of years. This is my first job after college, tho not great, but not bad for sure. And I guess there are a lot of teams like ours which are doing good work at Oracle.