tempsy

38 ms·

481.
by tempsy 4y ago
sure that’s true of most unicorns. early employees are a tiny fraction of the workforce waiting to cash out.
482.
by tempsy 4y ago
Tech jobs follow a bimodal distribution. Only a few pay the $400k-$500k Google level salaries you hear about for mid level employees. It might be relatively easy to find a $120k job but that doesn’t mean every laid off person can now walk i
483.
by tempsy 4y ago
I don’t think this is correct. Then your theory is that every tech company that went public in last 2 years have experienced a brain drain that Stripe has not. Lock up periods aren’t set in stone. They probably didn’t need to raise money an
484.
by tempsy 4y ago
I would honestly be more annoyed as an employee that the company didn’t go public at a $150B market cap when it had the chance. I believe the company’s revenue is heavily tied to Shopify whose stock is down -75% ytd…
485.
by tempsy 4y ago
It’s a little different when everyone is cutting staff at the same time and there’s lots of competition for a limited number of “good” jobs
486.
by tempsy 4y ago
I feel bad for employees that have waited a decade to cash out. No reason why Stripe couldn’t have gone public in 2020-2021 at a huge valuation but from past interviews it sounds like the decision to remain private was just a founder prefer
487.
by tempsy 4y ago
Is it? Remarkably Tesla’s compute bill does not seems to be growing exponentially with the amount of data it is supposedly collecting. Point is I would not take anything Elon says at face value. He’s a marketer who is constantly bending the
488.
by tempsy 4y ago
Yeah its just one at a time. I still find this useful for one time use on a website or free trial. If you want multiple cards with limits Citi does this and it's exactly the same as Privacy except you can use your credit card.
489.
by tempsy 4y ago
Citi does this.
490.
by tempsy 4y ago
No it’s just the ability to generate new credit card numbers on demand If you want various virtual cards with varying limits I also noticed my Citi card allows me to do this. It’s just a little clunkier but it’s actually more robust than Ap
491.
by tempsy 4y ago
I have the Apple credit card. If you just want to generate 1-time credit card numbers to use once it's the best experience imo - can easily do it in the Wallet app. Also lots of these subscription websites now detect card generated fro
492.
by tempsy 4y ago
the claim was that they don’t do leetcode questions, not that they do easy and medium ones but not hard ones.
493.
by tempsy 4y ago
I’m not an Apple bear, I’m saying that it’s a bit naive to say that any company will not be negatively affected by a recession that can result in downsizing or layoffs.
494.
by tempsy 4y ago
it probably depends on the role and team. to say they don’t have leetcode style interviews at any stage for any candidate is “simply not true”
495.
by tempsy 4y ago
Apple is down like 6% today on reports of soft iPhone sales. In an economy where people are actually belt tightening luxury hardware sales are not exactly recession proof
496.
Facebook parent Meta freezes hiring(axios.com)
12 points by tempsy 4y ago|0 comments
497.
by tempsy 4y ago
I guess it depends on your standards but to say you’re priced out everywhere with no context is a wild exaggeration if you’re in the top 5% of earners. a $1M house or condo bought at 3% rates would have been under $5k all in a month. I’m fa
498.
by tempsy 4y ago
That was true before the pandemic. Part of the reason demand surged in "second cities" around the country was because remote work allowed higher paid workers to migrate somewhere cheaper and not only take advantage of low rates bu
499.
by tempsy 4y ago
You have hedge funds like Tiger Global who are now leading/investing in early stage rounds. Anyone with capital can now play “VC”.
500.
by tempsy 4y ago
You haven’t noticed a bunch of multi bil tech cos down 90% in less than a year? Carvana is the poster child of zombie tech co that only made sense in a zero rate environment. Many others like it.
501.
by tempsy 4y ago
Nasdaq is down 30%. Clearly macro factors like rates and inflation and recessionary pressures are putting pressure on rate sensitive companies generally speaking. You can’t just say it’s ad tracking when dozens of mid and large cap tech sto
502.
by tempsy 4y ago
I’m speaking more to the stock price than Meta’s actions. Shares trading lower than they were 5 years ago. And many of the unprofitable growth companies down 80-90% in less than a year. Point is tech companies are highly sensitive to intere
503.
by tempsy 4y ago
Depends what your salary expectations are, I guess. Finding a role with the same compensation as a Meta/Google is more difficult than finding one of many dozens of companies that will pay you low six figures and some questionable equit
504.
by tempsy 4y ago
>Among some Meta employees, the process of reapplying for jobs within a limited window internally is known as a sort of human-resources purgatory they call the “30 Day List.” I mean from the article it’s pretty clear giving employees a m
505.
by tempsy 4y ago
This will be the trend among most tech companies. Very clear the market has now negatively reacted to high operating expenses that largely stem from excessive headcount. Most companies will likely not reduce pay if they can help it to maint
506.
Patreon Lays off 17% of Staff(blog.patreon.com)
5 points by tempsy 4y ago|1 comments
507.
Mortgage Rates Hit 5.89%, Highest Level Since 2008(wsj.com)
5 points by tempsy 4y ago|5 comments
508.
by tempsy 4y ago
I’m in the US. If it’s only popular in a few regions and likely pulls very little ad revenue on its own then is it terribly surprising that they are shutting it down? Seems like a failed acquisition that they didn’t really do much with.
509.
by tempsy 4y ago
Never heard of it which doesn’t seem like a particularly good thing for a social media app/product.
510.
by tempsy 4y ago
seems like it’s more a competitor to Venmo/PayPal/Cash app

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