I think analyzing only two companies is too short sighted, it would be better if you benchmarked against 5-10. It could be that twitter is in line with other co

I think analyzing only two companies is too short sighted, it would be better if you benchmarked against 5-10. It could be that twitter is in line with other companies and facebook is actually high - suggesting FB R&D staff get higher comp in SBC than their peers. Also there is little talk about head count, which drives SBC ratios such as this. Another - why compare sbc to revenue, you should compare to expenses. I think the author brings up some good points but is missing key analysis.