TC, why do some meme stocks pay like FAANG and others dont

New
EOhh33

New

EOhh33
Jan 6, 2020 26 Comments

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

comments

Want to comment? LOG IN or SIGN UP
TOP 26 Comments
  • Pay is what you negotiate.
    Jan 6, 2020 10
    • Google / Eng
      πŸ‘β˜οΈ

      Go to company page Google Eng

      πŸ‘β˜οΈ
      You don't understand what you're talking about. 3x was more than my boss made. I absolutely could not have negotiated for that much. And in fact, I negotiated quite well, to the extent that some of the senior engineers were salty to find out I was making as much as them.

      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.
      Jan 7, 2020
    • You can absolutely earn more than your manager. This happens all the time. Why would that be a limiting factor? I'm saying google is making a business decision. Was asking why you think google pays you more because you seem fairly confident in a other a lesser know reason lol
      Jan 7, 2020
  • Amazon
    StonksπŸ“ˆ

    Go to company page Amazon

    StonksπŸ“ˆ
    Twitter pays well
    Jan 6, 2020 0
  • New
    DevInDark

    New

    DevInDark
    Are you so sure that they pay drastically less? I just got an L6 offer at Square (seems to be roughly equivalent to L5 / E5 at FB) for $420k TC...

    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.
    Jan 7, 2020 2
    • New
      EOhh33

      New

      EOhh33
      OP
      Good to read! I looked at old discussions here and people explicitly say Square comp is lower
      Jan 7, 2020
    • New
      DevInDark

      New

      DevInDark
      πŸ€·β€β™‚οΈ β€” maybe it used to be? Their comp on levels.fyi doesn’t seem horrible, and my offer was quite a bit higher than what levels.fyi had for my level too. And then I negotiated another 10%.
      Jan 7, 2020
  • Because they all compete to get the same engineers.
    Jan 6, 2020 1
    • New
      EOhh33

      New

      EOhh33
      OP
      Which would explain the opposite of my observation. Did you read my post or just copypasta from other β€œwhy tc so high” threads
      Jan 6, 2020
  • Groupon
    πŸ’°orπŸ‘‰

    Go to company page Groupon

    πŸ’°orπŸ‘‰
    GRPN pays well too.
    Jan 6, 2020 8