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How can one spend so much on administration? Do lawyers go in that column?

• cosmie 7y ago
  Looking at their 8K[1], $215mm (57%) of the expenses in that category are related to stock-based compensation. In fact, 45% of all of their quarterly expenses are attributed to stock-based compensation. R&D has $506mm in stock-based compensation (80% of all R&D expenses), which both dwarfs the entire size of the G&A expense category and is more than 2x the stock-based compensation component of G&A. To your question, lawyers do generally go under G&A. But I don't think you can blame the lawyers for the inflated admin costs - all of their cost segments seem to be inflated by the exorbitant amount of stock that's incorporated into the pay structures for tech and SV-based companies. [1] https://investor.lyft.com/node/6711/html https://investor.lyft.com/node/6711/html