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Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @10:28AM (#33357973)
Shopify’s system drastically limits the upside which is unattractive
Re:Meta stock sinks more than 23% by Ancalagon on Thursday October 27, 2022 @10:36AM (#33358136)
Any time a company uses "flex" in the name I now associate it with generally making things worse. "Flex PTO", "Flex Pay", "Flex Role" (aka remote but not really)
Re:Meta stock sinks more than 23% by mabbo on Thursday October 27, 2022 @10:32AM (#33358039)
If you want upside, you can get paid almost entirely in options. The upside is huge.
Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @10:33AM (#33358074)
Sure, but options are not RSUs. Shopifys system is little different than all cash and an employee stock purchase plan. For better or worse.
Re:Meta stock sinks more than 23% by mabbo on Thursday October 27, 2022 @11:20AM (#33358891)
Then you can also get paid in stock. Like, the system lets you pick between cash, options, RSUs. Whichever is your favourite, take it.
Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @11:46AM (#33359334)
The point is that the way it’s implemented is effectively a stock purchase plan.
Re:Meta stock sinks more than 23% by adam_arthur on Thursday October 27, 2022 @11:04AM (#33358633)
It limits the downside too. There's a lot of upside already to making 300k+/year and investing it wisely.

Guaranteed millionaire status with close to 0 risk. Look how spoiled many of us have become in tech, though, that we have people like you saying this. It's not gonna last forever

Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @12:01PM (#33359569)
Saying that RSUs have more upside than full cash comp has nothing to do with being spoiled lol. It’s just a mathematical reality.
Re:Meta stock sinks more than 23% by adam_arthur on Thursday October 27, 2022 @12:11PM (#33359737)
The spoiled part is saying that it's unattractive due to limiting upside, without appreciating that it limits downside too.

Most who got RSUs over the last two years lost big, and I bet they regret having a variable comp component now. Choosing RSUs over cash was a horrible choice for most in recent years

Hopefully GenZ/Millenials are learning the important lesson about fair value and fundamentals

Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @12:33PM (#33360118)
Sure, and those who got RSUs over the last decade gained big. So what. Obviously stocks go up and down.
Re:Meta stock sinks more than 23% by adam_arthur on Thursday October 27, 2022 @12:37PM (#33360178)
You sound pretty smart and well versed in the stonk investing.

Going to be great to see many of the 80%ers in tech have to face reality when the recession comes next year... hope you're a 20%er.

To be clear, Tech employees have been grossly overpaid the past decade (including myself). That reality is ending soon... get used to it

Re:Meta stock sinks more than 23% by endisneigh on Thursday October 27, 2022 @12:38PM (#33360190)
Stonk investing? Lol. Given that you’re just rambling at this point I think we’re done here. Good luck.
Re:Meta stock sinks more than 23% by pb7 on Thursday October 27, 2022 @04:23PM (#33363503)
Grossly overpaid? What are you basing that on? Every company that is paying big bucks is generating revenue that is 5x+ the cost of the employee.

Many tech employees are underpaid, if anything.

Re:Meta stock sinks more than 23% by tacker2000 on Thursday October 27, 2022 @06:44PM (#33365010)
It seems your bitterness is clouding your ability to have a constructive discussion here.
Re:Meta stock sinks more than 23% by wussboy on Thursday October 27, 2022 @11:17AM (#33358846)
And your compensation choices are valuable information to Shopify and indicative of your "buy-in" to what they are doing....and therefore could be used against you.