TC at Snap/Pinterest are RSU heavy. Are these RSU as good as Cash? TC: 🥜
Most consider public stocks liquid, yes.
Good to know. For some reason, I thought these RSUs were paper money. Did not realize that they went public already.
There's still the 1 year cliff. Both Snap and Lyft have been pretty volatile and may lose a lot of value over a year. Only cash is as good as cash.
Snap vest monthly, pinterest vest quarterly
I believe the high amounts of RSU in TC at Lyft/Snap (not sure about PINS) is to offset the volatility in stock price. I wouldn't treat it like cash, SNAP was down 14% the other day. Edit: For SNAP you can possibly treat it like cash. I heard that in the yesteryears, they made good on the decrease in TC due to stock price plummeting.
Thank you sunshine.
That’s legit. A majority of employees were made whole for all of the losses in 2018, but then the stock picked up so employees ended up with a lot more.