Hacker News new | ask | show | jobs
by throwaway4837 1100 days ago
Tech stocks have high volatility. If, for example, I joined Amazon at peak in 2021, and the stock crashed 50% over the next few months, it would still totally be worth it to stick around and vest. Even the case with smaller tech companies that achieved meme status like Palantir which suffered the usual post-IPO crash -- if I believe outlook will be positive in the long term. Could be 2 years or 10, doesn't matter to me. The stock being public REALLY helps. I would think about it very differently if it was private.
1 comments

It's not just tech or publicly-traded tech companies, but a corporate culture of a few CEOs paid 500x the average worker. It's an owner-take-all gambit off the backs of workers who have to resort to relieving themselves in bottles for borderline wages.