Apple current TC ~400 with refreshers, not likely to get higher than 450k. 8 YOE. Good team at Apple, good WLB. Promo path 3-4 years. Snap offer seems like a good infra team in LA.
All depends on tiktok. If banned then Snap, else stay at Apple
We won’t get banned. But snap MAUs are still up 17% YoY so “the ban” is not a good benchmark for joining.
I truly worry about the value that Snapchat will have in long run. Apple has proven a lot more resilient. Although, I am surprise that Snapchat even still exists.
Talk to anyone under 20. Ask them how they keep in touch with their friends.
tiktok?
How does your TC breakdown for Apple? I prefer cash > RSU as well for tax simplicity. I also don’t feel like snap will be as profitable as Apple or economically as resilient as apple either. If you’re confident you can boomerang back to Apple/FAANG take the gamble at snap, get some more money to help retire faster and boomerang back
No boomerang
Do you like to gamble? Would you sell all of your vested Apple stock and go all in on SNAP at current price? That is essentially what you will be doing by taking snap.
Not the vested ones. Better comparison is for unvested ones. Assuming apple base is similar, the question is are you willing to trade $200K of unvested Apple stocks with $340K of Snap stocks. Also keep in mind that AAPL is close to all time high and SNAP is in dirt right now.
Snap stock is rightfully in dirt for a reason
Given that Apple seems stable right now with current economic conditions, I’d stay put till shit gets better personally
Will be very hard to ban TikTok. Even IF that day comes, Instagram will then take over with now YouTube shorts in the playing field. If you are okay with the chance of getting laid off or Snap folding in the next five years, then go for it. But if you have a family and/or need stability, you cannot go wrong with Apple. I would stay at Apple.
Are they both in LA? The location is something to consider. I’m not a fan of SF or LA, but at least LA has nice beaches
Don't listen to doomsayers. If you have a life event coming up which takes away a portion of your bandwidth for few years then think twice. If you are looking for an adventure and try something different, then you know what to do. No one made big bucks following mob intelligence.
I won’t even touch Snap with a 10ft pole. Extremely volatile stock and I have no confidence in their product. OnlyFans is eating their lunch and Instagram/TikTok/YTShorts are doing their own thing and have a solid user base.
🤡 if you think OnlyFans has anything to do with Snap stock price.
OnlyFans has to do with thirsty user-base that Snap has. OF monetized it better
Is snap even profitable? I think you will be better off at apple in the long run.
Why do you care if your company is profitable? Even the profitable ones have laid off employees so please don’t say safety. At Snap you are starting at a higher compensation at these stock prices. If it goes up it’s all yours! If it goes down, Snap gives enough in year stocks to bring you up to the same level. Zero downside, only upside. It’s a no brainer.
Meta and Google are pretty profitable, yet here we are with layoffs from both. (meta two rounds, google probably following up) OP, if you like new role, go for. it