People who thought the massive comps at growth tech were real are dumb

Amazon
PIPFH

Go to company page Amazon

PIPFH
Jan 6 53 Comments

I keep trying to tell engineers this. Growth stocks (robinhood, roblox) etc were way overvalued and those companies know that. When they hand out 450k for a mediocre engineer in comp, it’s because the fed is going to raise rates and crash the stock. If you don’t understand Macro economics and are staring at heavy RSU based comp, you are literally flying blind.

This also extends to Amazon, google and Microsoft. Amazon stock has stagnated, so they pay more because they know two years out, it will still be flat. Google underpays and their stock outperforms.

It’s not a 1:1 mapping but companies absolutely take this stuff into account

Edit:

My conclusion from this thread is all blinders know how to do is leetcode, and understand nothing about interest rates or current economic policy.

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TOP 53 Comments
  • Uber / PR
    onbgh

    Go to company page Uber PR

    PRE
    KJ Technology
    BIO
    Bnkjgds
    onbgh
    Several economics Nobel prize winners have said that they cannot forecast macroeconomic trends. We are fortunate to have OP here guiding us about macroeconomics

    https://www.youtube.com/watch?v=Khn1ZqysON0
    Jan 6 10
  • Roblox
    LoongView

    Go to company page Roblox

    LoongView
    Sorry but please don't combine roblox with rh.
    Also, Roblox has pretty good engineers esp the ones who recently joined are from faang mostly.
    Jan 6 11
    • Roblox
      LoongView

      Go to company page Roblox

      LoongView
      Meta I think you should have kept your mouth shut instead of opening it and making sure everyone knows that you are an idiot.

      Robinhood, sorry my comment was not about engineering talent. I am sure rh engineering talent is also top notch. It was mainly about TC comparison between rh and rbx because we are still doing just fine price wise but rh is getting hammered.
      Jan 6
    • New
      0jo

      New

      0jo
      C# is far superior than hack and shit php stacks
      Jan 7
  • Square
    peFF01

    Go to company page Square

    peFF01
    Mr hindsight over here with his "wisdom"
    Jan 6 1
  • Microsoft / HR
    MS =🗑️

    Go to company page Microsoft HR

    PRE
    Amazon
    MS =🗑️
    No knows what the stock price 'should be'
    Jan 6 5
    • Calm down. You’re going to be okay.
      Jan 6
    • Intel
      ni4040

      Go to company page Intel

      ni4040
      Yes u do. u look at company, its financials, its story, work up some numbers and predict wat the price should be in the future. duh...because u know the price will be "up" in the future, u r investing ur money. For growth stocks u have to work nos to justify price today. but u dont. people will be high on hopium to justify valuation today and even higher valuation tomorrow.
      Jan 7
  • Amazon
    EyvJ53

    Go to company page Amazon

    EyvJ53
    "Heavy RSU based comp" coming from an Amazonian?
    Jan 6 0