Plot twist: FB stock price dump is a strategic move to attract talent

Meta
jpow’s cat

Go to company page Meta

jpow’s cat
Feb 2 16 Comments

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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TOP 16 Comments
  • Okta
    UwwwwwU

    Go to company page Okta

    UwwwwwU
    Feb 2 1
  • Figma / Data
    blocksqq

    Go to company page Figma Data

    blocksqq
    All the talent is going to Figma.
    Feb 2 5
    • Twitch
      jtiA64

      Go to company page Twitch

      jtiA64
      Ya asana back below $10B and that’s after the CEO being buying up shares as fast as possible.
      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.
      Feb 3
    • Figma / Data
      blocksqq

      Go to company page Figma Data

      blocksqq
      Asana is floating around $9B the past couple weeks.

      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.
      Feb 3
  • Apple
    level3

    Go to company page Apple

    level3
    Yesterdays TC and todays after-hours TC or GTFO
    Feb 2 0
  • Nutanix
    KWdC87

    Go to company page Nutanix

    KWdC87
    Good try Mark
    Feb 2 0
  • Apple
    ZCBM135

    Go to company page Apple

    ZCBM135
    @OP, the thing is that you assumed that “metaverse” business will be successful and profitable in some point. Only then there will be a potential stock growth. If not, it will keep losing money and stock will be going down… And in some point if Meta decides to cut the division to stop losing money (that happened to e.g. Intel’s wearables/drone divisions), they will fire those 10K engineers anyway…
    Feb 2 0