I dont have another way of grouping high growth tech companies together.
Why do meme stocks like Snap, Lyft, Pinterest pay like and above FAANG companies, while others of similar marketcap like Square do not
they all have presence in San Francisco / Bay Area, similar market caps in the 15-30 billion range, compared to 1 trillion.
are square/twitter outliers simply because of jack dorsey or are there other factors at play here
the financials and growth potential is just as dubious in every name mentioned and doesnt really seem to be the factor
of course leadership and VCs have to be a factor guiding decisions, but any insight appreciated
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comments
And I was doing exactly the same work as I do now.
You're the one saying that Google pays more "out of the goodness of their heart" by saying that they pay more to help minorities. I know that Google pays more for profit-motivated reasons.
I think Snap, Pinterest, and Lyft all pay a bit more but my personal read is that they do because they have to. I think all of them have shaky long-term futures, personally.