The OP has joined Facebook in June 2013. Assuming he has 3+ years of experience in Microsoft he must have been hired at Facebook at L4 which puts his salary as 135k + 250K (stock, may be more when Seattle office was just getting started).
Facebook stock was ~$25 in June 2013 which means he has got 10000 RSUs of Facebook while joining. Value of this stock today is around $1.5M.
He is in Seattle and his taxes are way low compared to CA.
OP must have been scoring refreshers ($40k (Jan 2014), $100k(Jan 2015), $150k(Jan 2016). Let's assume has around $300K of vested stocks.
OP has made $1.8M in stocks at Facebook and may be some good bonuses and quitting Facebook after has vested his initial grant.
You shouldn't quit Top Tier tech jobs period unless you're this author who has made >2M.
At the growing pace of FB, Google and Amzn, anyone quitting at L5 levels will learn that they could have ended up as Director in 6-8 years if they work hard in these firms.
.50 cents: I think most of the good 20% went to google and facebook and got into comfort zone of corporate politics when they were young in their 20s and they ended up having great compensation which make them stay there forever.
Please post your demography, age, what your social network looks like. We can discuss from there why you're using instagram instead of snapchat :)
Teenagers don't have money but they have drive purchasing decisions within a family.
"once they know that Instagram has more users and more eyes"
>> Advertisers just don't look at raw numbers. They advertise over a target audience. US, age, gender, mobile phone users: 18-24. Snapchat got a generation of users which facebook/instagram is not able to get. FB and instagram is using their demographics which is not at all important to manipulate snapchat stock price.
If advertisers are paying more money just for some random views, then ad industry has some serious issues and it's not called effective advertising.
>>> Snapchat just needs to allow you find and add friends more easily. That's what's holding them back.
Not really. There is a balance which needs to be achieved. I have around > 500 friends in Facebook/Instagram but i don't really care much about what he/she shared every day.
Having lots of people makes the social media experience better in first few years but not long-term.
Do you think running a social media app which is multimedia heavy for developing countries give you profit?
Sorry that's not true. Facebook generated revenue of ~25 million for 2016 in India. Supporting 100s of millions of users content for 25M dollars. I'm sorry this is a lossy business but good thing to keep increasing number of users to pump up the stock price and keep engineers motivated.
Snapchat won't go to countries like India, SE asia which are densely populated as it doesn't really make sense to them.
1. Poor app experience as users have cheap android phones in which fb app won't even work properly.
2. Hosting cost/Advertiser cost might not be great.
These two points make sure, investing in developing countries to get more users is nothing more of a Stock Play and a joke.
Metrics exposed by instagram is a pure scam aka growth hacking by fb engineers as their comp is aligned towards that.
Snapchat: Stories are not autoplay. You touch and see the story you're interested in and the view closes. You have to scroll and open another story.
Instagram: Stories are autoplay. You click once and it's a slideshow. So you can assume metric here are orders of magnitude higher than what it should be.
Snapchat: Story introduced a new revenue source without affecting bottomline.
Instagram: Stories at the top of the app is a very bad user experience. If an users spends more time in story, he spends less time in scrolling instagram feed. (Nobody in Instagram wants to talk about that).
Snapchat: People post whenever they feel like posting.
Instagram: People post when they feel something is of very high quality.
Snapchat: Doesn't want to grow the number of users as it doesn't matter to company's revenue. FB makes 75-80% of revenue with just it's 10-20% of users which snapchat already own.
Facebook stock was ~$25 in June 2013 which means he has got 10000 RSUs of Facebook while joining. Value of this stock today is around $1.5M. He is in Seattle and his taxes are way low compared to CA.
OP must have been scoring refreshers ($40k (Jan 2014), $100k(Jan 2015), $150k(Jan 2016). Let's assume has around $300K of vested stocks.
OP has made $1.8M in stocks at Facebook and may be some good bonuses and quitting Facebook after has vested his initial grant.
You shouldn't quit Top Tier tech jobs period unless you're this author who has made >2M.
At the growing pace of FB, Google and Amzn, anyone quitting at L5 levels will learn that they could have ended up as Director in 6-8 years if they work hard in these firms.