Hey, Joined Meta in Feb this year, so got a bit screwed in TC now. I had also offer from Coinbase that time but Meta offer beat Coinbase offer. But now after crash Meta offer is 🥜 compared to initial Coinbase offer, and recently same Coinbase recruiter reached out again to ask if something has changed and if I am interested now. They said I don't need to go through loop again and if I am interested he can get some numbers to me again. How's work at Coinbase, Interesting work/WLB/Tech/Career Growth wise? And to be honest my current team at Meta has good work and impact, so I don't have any complaints that side. Current TC - 300K including signing and declining #meta #coinbase
How does Coinbase make money?
Tbh i am not an expert but main source would be transaction/trade fees?
Stick with a solid business not TC for next year or two, high inflation, likely recession will cut everyone to size.
Coinbase is as good a bet as Metaverse
The only difference is Metaverse get funded by the crazy Ad revenue it generates vs coinbase which relies on debt funding, valuation is way below its IPO level. Which camp you want to be in? High risk/high rewards ? Feeling YOLO then go for that COIN
Not sure that’s right? Coinbase is cash flow positive. 11bn. It had 3bn of debt on its balance sheet. It’s very much not reliant on debt funding. Meanwhile meta is constantly talking about how their ad revenue is dropping because they can’t track users as well. And regarding share price he is already under water at meta. He is not taking a loss at Coinbase since it already went down before he joined. Usually I tell people to think long term. But if someone took a major loss in the last few months it’s so hard to tell them to hold off. They can basically get 50% bump immediately if they move anywhere.
Coin base isn’t going to survive a recession lmao They’re tied to the volatility that is crypto, a falling knife Their interview process is super easy too so you can always just wait and go through the loop again for a higher level offer.
How do you feel about Metaverse?
I thought Coinbase interviews were tough
Have you considered boomerang back to AMZN with much better TC?
I switched with up-level so boomerang is not an option :(
What’s boomerang? Just curious 🤨
Just chill at meta. Coinbase will have it's own problems worse than meta. Give it a year at least and then try
Let Coinbase give you the new numbers and then decide. You’d know if it’s worth the switch.
And tell us the new numbers
If you are satisfied with the team and work, it doesn't make sense to make a move so quickly. If Meta can loose some market value, it can gain also quickly. Most big companies lost good share price. This may also impact your chances with Meta in future.
I understand what you are saying Satisfied with the team and work, yes And I am ready to work to, dont doing some extra work But only reason I moved from Amazon to Meta was I was underpaid there for how much I was working, and now here I am again underpaid But I think you are right moving too quickly won't benefit me in longer term
Good luck... Make the best decision for yourself.