Anecdotally, I’m helping several friends, who are each exceptionally capable, employed at Facebook with new jobs. They reached out before this revelation, to their credit, though this threw fuel on the fire. I suspect Facebook will be known for having hired mediocre sell-outs a few years from now.
> I trade private equity stakes in technology companies. Former aerospace investment banker and before that, algorithmic equity derivatives trader.
You're also the one who submitted this article. Somehow I doubt you are actually helping friends at FB find new jobs. I think it's much more likely that you are short FB. There's a lot of your type out there spreading articles like this as much as possible.
Maybe you should spend some time thinking about what contributions you investment banker types are making to society, if there is any. Good riddance...
Your last submission was titled "We're lucky Mark Zuckerberg is in charge" and around half your comment history is devoted to defending Facebook. At least if you're going to question someones motives, you should state yours.
I think it's pretty reasonable to assume an investment banker isn't going to be much help to FB employees in finding a new job. Claiming that "Facebook will be known for having hired mediocre sell-outs a few years from now." is at best a baseless slander. How in the world is that not in bad faith?
Spreading misinformation to aid one's short position is a much worse case of bias, in my mind, than what I've said in defense of the company.
2. The "slander" was supported by an anecdote. And this is a comment section -- opinionated statements will be found.
3. What might be closer to slander is the fantastic assumption that the other commenter is shilling for a short position in Facebook. That's a mind-boggling assumption to make on the flimsiest of evidence. Even setting aside that trying to promote your short in a random HN comment is laughable
4. You're curiously silent on your own bias, well noted by pantaloons
I think the idea that everyone at FB who doesn't leave immediately is a "mediocre sell-out" is very far from the truth, and contrary to my own experience. Thus I'm suspicious of people who claim such.
There's already enough people on HN that will type out a borderline vitriolic four point list of why anyone who defends FB is wrong.
Why don't you look at JumpCrisscross' post history? This isn't the only anti-FB article he's submitted. Or are you a bit biased here? :) He has even commented on FB's stock price and predicted it will go down more in the future.
My bias is that I think there's another side to the story.
You are so self-assured about your position that you immediately take the contrary assertion to be in _bad faith_? This seems silly to me, but perhaps we'll have to agree to disagree.
I did.
> it's much more likely that you are short FB
I don’t own a single share, nor am I short a single share, of any public company. I play in private companies’ equities and debts. That’s my day job, and it (along with super-safe bonds) are where I put my money. You may be confusing bankers with fund managers.
> you should spend some time thinking about what contributions you investment banker types are making to society
I think about this frequently. Many bankers waste their oxygen. But I don’t think I do.
At best, someone at Facebook might do something I strive to—help bring something new to the world that is good and wouldn’t have otherwise existed. At worst, I lose money. (Never fun, but by legal requirement I can only lose the money of those with very much of it.) At worst, Facebook prompts violent atrocities.
But that's absolutely not reason enough to blatantly impugn someone's motives, and suggest outright that they are doing something illegal.