Square Stock
What do you guys think about Square stock and it's trajectory from here on? I hear colleagues who joined in the past year have been banging their heads due to huge crash experienced recently. Is it worth joining Square nearly 1/3rd of it's peak? #engineering #software #swe #square TC 200 YOE 4
Stock will double at least. But May do that after 30% drop.
Disagree. Net income of NEGATIVE 204M. Revenue down. Cash on hand is decreasing QoQ.
That means, if stock drops 50% it should go up by 100% for break even
Didn't that hobo go all in on Bitcoin and crypto. Not a good investment
> Didn't that hobo You mean Jack?
I heard they backfilled the rsu grant from blind or is it refresher?
They did make it up for most people with merit increases this year
How did they increase? Was it backfiled or refreshers? What does merit mean like performance based?
If you think the stock is undervalued this is a great time to join
Yes, I joined Square 3 years ago, and I'm still very happy.
No company is immune. The crash will not take prisoners
I mean, every growth tech stock is down as much or even more than we are. I think everyone at Square knows that.
it's fucked. an "ecosystem of shitty ecosystems". jack just focuses on bitcoin nonsense, and the half of the rest of the VPs are C level players or mid management material at best anywhere else (the other half are awesome). too much dead weight. we aren't hiring VPs from Google, Netflix, Amazon anywhere, we are getting the Nike and dregs of the space at the mid level management and higher.
It’s fucked
Whats the impression from within the company?
No hope, exodus incoming, retirement home