It has fallen from grace from $80 down to $10 and is sitting at a $17B valuation now. Almost every earnings call over the past year - year and a half has dropped the stock price by 20%. It seems like the leadership is not sure how to generate revenue. But they have a large user base, so with the right business model they could turn it around. I'm considering an offer from them. Wondering if the TC is worth the switch given how volatile the stock is. My TC could end up being the same as current TC if it keeps dropping like it has been. And that would make the switch a giant mistake considering I'll have to RTO 4 days a week and move cities for the job. On the other hand, if things go well the TC could be 2x if the stock picks up again. What are your thoughts?
Assuming your offered TC is much higher than your current TC. You can always sell snap to buy other stock you believe in since snap does monthly vesting.
True, but some things to consider: a.) The trading windows are often closed, like right before earnings reports (which usually cause the stock price to plummet, see the last few earnings reports and the subsequent stock price change); and b.) If the stock price drops significantly after someone signs on, which it very likely will (see the links I'll post below), They could be locked into a vesting schedule which will work out to much lower than their target TC (same number of RSUs, but worth much less). A lot of people are facing a vesting cliff in the coming months in which their effective TC will drop substantially, and the company's not planning on doing anything about it, so I know people who are jumping ship or planning on doing so. The stock's pretty volatile, so it *might* briefly spike up again during an open trading window before reality sets back in, and it goes from being insanely overvalued back to just being... extremely overvalued. With that, plus whatever the difference is in OP's current and offered TC, it might still work out to more money. But there's a lot of uncertainty to factor in, and I don't see a sustained 2X increase happening anytime soon, unless the market's even more irrational than I assumed. Overall, I'd hate to see someone else jump on board a sinking ship which others are fleeing without at least having an idea what they're getting themselves into.
Tons of people still use snap religiously. Under valued stock.
Some good reading which I think summarizes the company's recent and current status well (first article is from almost exactly a year before the second, which is from a couple weeks ago): https://every.to/napkin-math/snapchat-s-probably-screwed https://every.to/napkin-math/snap-s-probably-screwed-again TL;DR don't expect the stock value to rise anytime soon. In fact, it would be optimistic to assume it can stay as high as it is for much longer.
What's your current TC and YOE, OP?
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You would park your car there?