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
Because they all compete to get the same engineers.
Which would explain the opposite of my observation. Did you read my post or just copypasta from other “why tc so high” threads
GRPN pays well too.
Pay is what you negotiate.
This doesn't really have anything to do with OP's question, unless you're implying that Square pays less on average than Lyft purely because Square employees are significantly worse at negotiating.
Yes everything to do with it. You can negotiate your own pay with any business. Bands, maxes, etc are all recruiters negotiating
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.
Good to read! I looked at old discussions here and people explicitly say Square comp is lower
🤷♂️ — 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%.
Twitter pays well