Mark Zuckerberg on NYT story: "To suggest we weren't interested in knowing the truth or wanted to hide what we knew or wanted to prevent investigations is simply untrue."
The entire discussion around Facebook\u2019s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when. https://t.co/dSOpKy767l
— Alex Stamos (@alexstamos) November 15, 2018
Why isn\u2019t Sheryl Sandberg on this call?
— Dylan Byers (@DylanByers) November 15, 2018
Zuckerberg: Blah blah. I generally don't talk about specific cases of that in public. Blah blah.
Zuckerberg: I learned about this yesterday. In general, I think you're right. This might be normal in Washington but it's not the kind of thing we want Facebook associated with.
Facebook: ... We are bringing the world closer together.
Zuckerberg: We have made personnel changes. Hey, we just hired a new global policy and comms chief. Let's focus on that.
"I am quite focused on finding ways to get more independence into our systems in other ways."
Zuckerberg: Transparency is one of the bigger areas where we have to continue to do more.
Zuckerberg: "I think someone on our comms team must have hired them."
Comms team, meet the bus that just ran you over.
Worthwhile to read through this whole thread of Stamos replying to our report: https://t.co/0QXNjU0waB
— Sheera Frenkel (@sheeraf) November 15, 2018
Zuckerberg: Sheryl learned about this at the same time that I did. Overall Sheryl is doing great work for the company. She has been a very important partner to me and will continue to be.
Mark Zuckerberg: I have no idea what's happening inside my own company and neither does Sheryl.
Zuckerberg: We are doing the right things to fix the issues. I am fully committed to getting this right.
More from Tech
The 12 most important pieces of information and concepts I wish I knew about equity, as a software engineer.
A thread.
1. Equity is something Big Tech and high-growth companies award to software engineers at all levels. The more senior you are, the bigger the ratio can be:
2. Vesting, cliffs, refreshers, and sign-on clawbacks.
If you get awarded equity, you'll want to understand vesting and cliffs. A 1-year cliff is pretty common in most places that award equity.
Read more in this blog post I wrote: https://t.co/WxQ9pQh2mY
3. Stock options / ESOPs.
The most common form of equity compensation at early-stage startups that are high-growth.
And there are *so* many pitfalls you'll want to be aware of. You need to do your research on this: I can't do justice in a tweet.
https://t.co/cudLn3ngqi
4. RSUs (Restricted Stock Units)
A common form of equity compensation for publicly traded companies and Big Tech. One of the easier types of equity to understand: https://t.co/a5xU1H9IHP
5. Double-trigger RSUs. Typically RSUs for pre-IPO companies. I got these at Uber.
6. ESPP: a (typically) amazing employee perk at publicly traded companies. There's always risk, but this plan can typically offer good upsides.
7. Phantom shares. An interesting setup similar to RSUs... but you don't own stocks. Not frequent, but e.g. Adyen goes with this plan.
A thread.
1. Equity is something Big Tech and high-growth companies award to software engineers at all levels. The more senior you are, the bigger the ratio can be:
2. Vesting, cliffs, refreshers, and sign-on clawbacks.
If you get awarded equity, you'll want to understand vesting and cliffs. A 1-year cliff is pretty common in most places that award equity.
Read more in this blog post I wrote: https://t.co/WxQ9pQh2mY
3. Stock options / ESOPs.
The most common form of equity compensation at early-stage startups that are high-growth.
And there are *so* many pitfalls you'll want to be aware of. You need to do your research on this: I can't do justice in a tweet.
https://t.co/cudLn3ngqi
4. RSUs (Restricted Stock Units)
A common form of equity compensation for publicly traded companies and Big Tech. One of the easier types of equity to understand: https://t.co/a5xU1H9IHP
5. Double-trigger RSUs. Typically RSUs for pre-IPO companies. I got these at Uber.
6. ESPP: a (typically) amazing employee perk at publicly traded companies. There's always risk, but this plan can typically offer good upsides.
7. Phantom shares. An interesting setup similar to RSUs... but you don't own stocks. Not frequent, but e.g. Adyen goes with this plan.