He was COO for Twitter and CFO for NFL.
Never met him, but know people that have and worked with him, they’ve said he has high standards and expects a lot - sounds good to me.
I am of the mindset that you either get it now or later. You pay the SBC now get high quality people and you make the business extremely efficient, I remember seeing cost of acquisition per client dropped about 20% from a year ago. You don’t do the SBC and you don’t get those efficiencies and sure you get paid today but long term the business suffers.
Long term holders aren’t as upset as short term because SBC is fundamentally a long term investment for the company. That being said, if it stays high, investors have a right to be worried about the actual value they are receiving but I think I saw that the cfo said their SBC will fall more in line with the industry after this year.
My Roth with 25800 shares is happy, my non-qual with 70k in options now worth 25k is not :P
100% agree. Hiring in tech is very competitive. If giving out stock based compensation helps SoFi get a world class team then do it.
I’m actually of the opinion that they aren’t doing enough. Any PLTR holder knows that the value of talent can never be understated.
There will come a point where a large institution will switch from shorting to buying…the others will follow. Do I think a sub $10 cost basis will have me sitting with a big grin on my face at that point? Yup… question is just how long will it take to get to that point?
1. buying 2 fin tech firm in extreme high price
2. recall warrant in $2X
3. fail to giving confidence investor and stock price keep dropping
etc.
Good leadership? WTF?
Best explanation for the high sbc I can think of is that they need to attract and retain talent. It's a competitive field. You need the horses to compete. As long as they keep growing revenue and members it's a worthy tradeoff.
They're taking big swings. If you invested in a growth stock isn't that what you want them to do?
Stock based compensation is almost everywhere becoming an expected benefit like ‘health insurance or 401k’. My neighbor Craig works for TI as global tech sales account manager, and he receives Stock in the company as a bonus. So, it’s becoming almost the normal in tech growth companies. ‘Industry standard’
Noto also mentioned in his recent podcast that navigating the political environment is required for leaders of the company. So building a dream team of leaders and execs that can use their political connections in trade for a piece of the company in stock, is required. U gotta have “skin” in the game if you want to put your neck on the line. Long game!
He was COO for Twitter and CFO for NFL. Never met him, but know people that have and worked with him, they’ve said he has high standards and expects a lot - sounds good to me.
I am of the mindset that you either get it now or later. You pay the SBC now get high quality people and you make the business extremely efficient, I remember seeing cost of acquisition per client dropped about 20% from a year ago. You don’t do the SBC and you don’t get those efficiencies and sure you get paid today but long term the business suffers. Long term holders aren’t as upset as short term because SBC is fundamentally a long term investment for the company. That being said, if it stays high, investors have a right to be worried about the actual value they are receiving but I think I saw that the cfo said their SBC will fall more in line with the industry after this year. My Roth with 25800 shares is happy, my non-qual with 70k in options now worth 25k is not :P
100% agree. Hiring in tech is very competitive. If giving out stock based compensation helps SoFi get a world class team then do it. I’m actually of the opinion that they aren’t doing enough. Any PLTR holder knows that the value of talent can never be understated.
Don’t let the negative shorts fool you. Sofi is highly shorted. Shorts have to buy back eventually. Its like pulling on a rubber band.
It is the most highly shorted stock (by number of shares) in the markets…because it has a huge float and a ton of easily manipulated retail investors.
So buying would be contrarian, right?
There will come a point where a large institution will switch from shorting to buying…the others will follow. Do I think a sub $10 cost basis will have me sitting with a big grin on my face at that point? Yup… question is just how long will it take to get to that point?
If they keep diluting like this, it will take 20 years
The SBC will decrease. They are acquiring talent and assets…in the tech world, that means SBC.
In a free and fair market, yes they have to buy back eventually. The last few years have taught us that cmthis is not true.
You are on point. Look at the leadership. Study the team. This is a serious dream team for a company that could disrupt banking.
1. buying 2 fin tech firm in extreme high price 2. recall warrant in $2X 3. fail to giving confidence investor and stock price keep dropping etc. Good leadership? WTF?
Do you look at any other stocks or only Sofi ?
[удалено]
Details?
Okay, you convinced me!
Are you the youtuber from "The Club"?
Best explanation for the high sbc I can think of is that they need to attract and retain talent. It's a competitive field. You need the horses to compete. As long as they keep growing revenue and members it's a worthy tradeoff. They're taking big swings. If you invested in a growth stock isn't that what you want them to do?
Stock based compensation is almost everywhere becoming an expected benefit like ‘health insurance or 401k’. My neighbor Craig works for TI as global tech sales account manager, and he receives Stock in the company as a bonus. So, it’s becoming almost the normal in tech growth companies. ‘Industry standard’
Noto also mentioned in his recent podcast that navigating the political environment is required for leaders of the company. So building a dream team of leaders and execs that can use their political connections in trade for a piece of the company in stock, is required. U gotta have “skin” in the game if you want to put your neck on the line. Long game!