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A comment on Rethinking Triplebyte. Parent comment

Re:Rethinking Triplebyte by nostrademons on Friday June 18, 2021 @12:32AM (#27547386)
Stock price for most of the FAANGs has gone up by about 2.5x in the last year. If you had $200K base, $50K bonus, and $300K stock compensation in 2019, you're now making $1M today. That's roughly L6/E6/ICT6 (staff) level.
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Re:Rethinking Triplebyte by kortilla on Friday June 18, 2021 @04:22AM (#27548441)
Google has not even hit 2x. https://finviz.com/quote.ashx?t=GOOGL

Also, staff level is a tiny slice of the engineers at FAANG. So still not “a lot” even if your stock appreciation numbers were correct.

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Re:Rethinking Triplebyte by agrajag on Friday June 18, 2021 @02:06AM (#27547791)
Which FAANG has had their stock go up 150%?

They’re all doing well, but even Amazon hasn’t doubled their stock since prepandemic.

There are definitely more people making 1m/yr at FAANGs than their were last year, but I agree with others that it’s not “a lot.”

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Re:Rethinking Triplebyte by nostrademons on Friday June 18, 2021 @12:24PM (#27551998)
FB in May 2019 = $177.47, today = $332.04, 87% appreciation.

AMZN in May 2019 = $1775, today = $3496, 96% appreciation.

AAPL in May 2019 = $43.77, today = $130.87, 198% appreciation.

GOOG in May 2019 = $1103, today = $2508, 127% appreciation.

That's all over the last 2 years. Market low was apparently Dec 2018, before the Fed started cutting interest rates, so the numbers are a bit bigger since then. They were pretty steady through 2017-2019, so anyone who got grants or refreshers during those time periods has benefitted from that appreciation.

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