Wells Fargo to pay $3.7B settling charges it wrongfully seized homes and cars

Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by scarface74 on Tuesday December 20, 2022 @07:12PM (#34074873)

> To be completely honest, this is why I'm on HN: doing your own startup is one of the few relatively low risk gambles one can take.

This take is relatively…naive

Most startups fail and you would be much better off “grinding LeetCode and working for a FAANG” (tm r/cscareerquestions).

That’s just like people “starting their own business” and buying a franchise where their net profit is less than $70K a year and that’s only after the owner works 60+ hours a week.

Give me a cushy $BigTech job any day.

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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by dvt on Tuesday December 20, 2022 @07:42PM (#34075154)

I disagree on a number of levels, but especially because big tech valuations were propped up by QE over the past 10 years, Tesla being the poster child there. But Amazon, Google, etc. have all been impacted by macro elements. So that “TC” people brag about has been heavily subsidized by the FED.

The irony of calling me naive when not even understanding macroeconomic effects is… something.

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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by scarface74 on Tuesday December 20, 2022 @08:01PM (#34075341)

Even with todays valuations of FAANG stocks I can guarantee you that the standard new grad gets a better offer than you will statistically make starting your own company.

[ Parent | on HN ]