- That's so Meta
- Latest Meta Jobs + Analyst Chatter
Latest Meta Jobs + Analyst Chatter
Ahoy Metamates! 🚢 🏴☠️
This months second issue is a bit late on account of - I temporarily lost my vision (long story), but we’re back and running all cylinders now. I’m working on our September deep-dive issue now and I’m excited to send it out next week!
🆕 The TLDR This Week:
The Latest on Jobs
…. aaaaaaand we’re back! Meta is hiring on all cylinders again and telling analysts openly that talent costs are going up. Which begs the question how much of layoffs were cost saving vs strategy shift.
Open roles as of today:
~300 PM roles ( 230 in MPK). The ones I found most juicy are:
Some interesting Ops roles
Notable New Hires
One of the most storied eng leaders of Google, Bhavesh Mehta, left recently to join Meta. Over his 18 year Google career he’s led eng for Maps, Shopping, Adsense, Display Ads and Robotics.
Aaron Anderson left Paypal, where he was Treasurer, to join Meta as CAO. This is part of a huge push for Meta to bring down costs on accounting and finance, which have skyrocketed. Expect to see a ton of hires in tax, corp finance and treasury.
Morgan Stanley’s Opinion on AI @ META
Brian Nowak must have hired some new staff because the latest on Meta is actually pretty well rounded. Here’s MS’s latest take on the top AI catalysts between big tech co’s:
Post- Earnings Analyst Chatter
After a strong call, fundamental and technical analysts are split on what to do with the stock - one faction says “strong sell” , the other “ strong buy”. Overall consensus is somewhere in the middle ( leaning towards buy) - but it begs the question, why the difference in opinion?
Source: TR, Aug 30, MTD data
It may have something to do with the stock being more volatile - especially since it couldn’t find support over $300.
Source: Barchart, Aug 30
Next week: Gear up for a longer deep dive research issue 🙂
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