Did Snap replace Facebook as the highest paying company?

Did Snap replace Facebook as the highest paying company now? 56% of tech professionals think so.

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Q3 2020 hedge fund letters, conferences and more

Last week, Snap's strong third-quarter earnings sent its stock price up as much as 37%, lifting its market capitalization as high as $57 billion.

Michael Mauboussin’s 10 Attributes of Great Investors [Pt.1]

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkIn 2016, Michael J. Mauboussin completed his 30th year on Wall Street. The analyst, who was working at Credit Suisse at the time, decided to celebrate by reflecting on the ten attributes of great investors he had observed over the previous three decades. He published his ideas in a report in August 2016. I've summarised Read More


Has Snap Replaced Facebook As The Highest Paying Company?

With this extra capital, a user on Blind,  an anonymous professional network, ran a poll asking, “Did Snap replace Facebook as the highest paying company now?”

The poll had 3,701 responses, with 254 professionals commenting on their own opinions, here are some key learnings:

  • Overall, 56% of professionals believe Snap replaced Facebook as the highest paying company now
    • Only half (50%) of Facebook professionals believe Snap replaced Facebook as the highest paying company now
    • Contrasted by 80% of Snap professionals who believe Snap replaced Facebook as the highest paying company now

Snap

Snap

Clarification To The Poll

A user at Snap added some clarification to the poll, sharing: “It depends a lot, the new refresh strategy will be very good if the stock steadily rises but worse if the stock goes down. It also really depends where you are in the scale, if you are at the minimum for your level then you probably make more than you would at FB but if you are at the maximum for your level then you could probably get one level up at FB and make a bit more there.”

On Blind, total compensation is always a trending topic. Tech professionals always have their "TC" at front of mind. Will snap need to be added into the FAANG acronym?