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Do you really want to support your thesis with article from 2012?
by KptMarchewa 4y ago
Do you really want to support your thesis with article from 2012?
- kypro 4y agoYou know what, I cba. I'm the only one providing explanations here. I'm the only one who bothered to try to provide a source for the claims I was making. I explained that I don't believe there's more recent data, so yes, I am supporting my "thesis" with an article from 2012. Everyone is just making baseless comments here anyway, "ree, Zuck bad", so whatever, believe what you like for all I care. The point I was originally trying to make was that technology companies (including Facebook) compensate their employees with billions of dollars of stock every year[1] ($12b last year in the case of META). This means the employees of technology companies are generally significant shareholders of the company – whether they're the largest, second largest or third largest owner is frankly irrelevant to my point – employees benefit massively when the share price goes up because in many cases most of the wealth of those employees is tied to the company stock. None of what I'm saying here should be controversial and is widely understood by tech workers at companies like Facebook, Google and Amazon. I have no idea what Zuck or BlackRock being a large individual holder of META stock has to do with anything. Do you guys think that the thousands of employees at Facebook should (or could) have 10% of the company each or something? Obviously Zuck owns more than any individual holder – it's his company. And yes, obviously, there are large institutions that hold Facebook on behalf of their clients – most of whom by the way are just average people who have money invested with companies like BlackRock for their retirement. Are you guys also surprised to hear that 89 year old Doris doesn't manage her retirement portfolio on Robinhood or something? If you're honestly unhappy that companies like Facebook don't give enough of their stock away to employees then I don't know what to say to you. You'll find one of the main complaints institutional share holders will cite when it comes to owning the stock of tech companies is that they give away far too much stock to their employees. This dilutes investors like BlackRock at the benefit of employees receiving SBC. In my opinion the reality here is completely opposite to what this community is trying to paint. But I know, I know. Zuck is rich and therefore he must be a bad boy who doesn't care about any one or anything other than his own wealth. [1] https://www.macrotrends.net/stocks/charts/META/meta-platforms/stock-based-compensation https://www.macrotrends.net/stocks/charts/META/meta-platform...