Plot twist: FB stock price dump is a strategic move to attract talent
We want to hire 10k people to build metaverse, right. So if you are a semi-decent engineer thinking about making a career move, have a few active neurons to be able to write some hack, you’d clearly see that right now is absolutely THE BEST time to join the company.
The upside potential for the initial stock grant just got 25% higher.
Only single digit IQ fucks can honestly believe that 25% drop in stock price is justified for the company that is fundamentally stronger than 99% of the tech companies out there, is still growing double digits Y/Y and that invests the amount of money in innovation equivalent to the GDP of Slovenia.
Where else can all the decent talent go? Google? Get the fuck out. They will not only downlevel you to new grad, but with the latest 10% stock jump there is very little potential upside.
Amazon? Please
Netflix? Hood?
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I hope Figma does well, love the main product. Unfortunately there’s no moat around a whiteboarding app but I am interested to see what the more developer focused product will be and how it’ll compare to competitors like webflow and others. I just think there’s some good offers to be found in public companies after the huge contractions.
If you consider what I said about our revenue and growth rate - the public markets indicate they will easily support Figma’s last private valuation (or higher) even with the recent market downturn.
And for more context, Miro - which only makes a whiteboard, very recently raised at $17.5B.
I appreciate your comment though - I think it’s a reasonable one.