Big Tech salaries revealed: How much engineers, developers, and product managers make at companies including Amazon, Facebook, Google, Apple, Microsoft, Intel, Uber, IBM, and Salesforce

Two people sitting in an office in front of four monitors and talking to each other while holding clipboards.
Business Insider analyzed salary data for workers at top tech companies.

  • Business Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay.
  • We crunched the numbers for companies including Airbnb, Amazon, Apple, Facebook, Google, Microsoft, Salesforce, Snap, and Uber.
  • The data, which US companies report in visa applications for foreign workers, sheds light on how engineers, designers, and others are compensated in the competitive industry.

Big US technology companies have powered their way through the pandemic, posting impressive growth, minting money, and hiring rapidly.

In early July, the tech-industry association CompTIA reported that the sector experienced job growth in 10 out of the previous 12 months – a standout performance given the lockdowns last year. Tech firms added more than 80,000 workers in the US through the first half of 2021, it added.

Google’s parent company, Alphabet, hired more than 4,000 employees in the second quarter alone. Overall, more than 300,000 open tech jobs were posted in June, with software and app developers, IT-support specialists and project managers, systems engineers and architects, and systems analysts in highest demand. Jobs in emerging tech, such as AI, accounted for more than a quarter of open positions.

Companies are required to disclose information including salary (or, in some cases, salary ranges) when they hire foreign workers under the H1-B visa program, giving insight into what these tech giants are willing to shell out for talent.

So, to get a sense of what salaries in the industry are like these days, Business Insider analyzed the US Office of Foreign Labor Certification’s disclosure data for permanent and temporary foreign workers to find out what companies pay employees in key roles, including engineers, designers, and salespeople.

When you’re done checking out this industry data, take a look at Insider’s searchable database of over 250,000 salaries from more than 250 companies so you can know how much you should be paid.

Google’s software engineers can make more than $300,000.

Alphabet & Google CEO Sundar Pichai
Google CEO Sundar Pichai.

Google is often touted as one of the best places to work, with compensation to match.

A software engineer was offered $353,000, a vice president of engineering can get $475,000, and a senior vice president recently took in an annual salary of $650,000.

Here’s a look at many other positions and how much they pay across Google.

The company’s Cloud business has been aggressively building out its workforce as it tries to catch its larger cloud rivals Amazon Web Services and Microsoft Azure.

Here’s a peek at the salaries Google Cloud pays US-based engineers, managers, and more.

Amazon cloud-solutions architects are paid $90,800 to $185,000, depending on location and skills.

Adam Selipsky AWS CEO
Adam Selipsky, the Amazon Web Services boss.

Amazon’s cloud unit, now run by Adam Selipsky, has continued hiring for technical and business talent to support its dominant cloud-computing business.

Insider reviewed more than 200 H-1B visas that Amazon’s cloud unit applied for from January to June to reveal how much it paid software developers, data scientists, marketers, salespeople, business analysts, and more. The highest-paid employees, according to that data, can make as much as $185,000 in base salary.

Check out the details here.

Senior marketing jobs at Apple can pay up to $325,000.

tim cook peace sign
Apple CEO Tim Cook.

Apple’s advertising is legendary, and its broader marketing efforts are integral to the company’s success. The iPhone maker regularly gets attention for its cinematic campaigns.

The company sponsors visas for a range of well-paid marketing jobs. One marketing manager makes $240,000, while a marketing senior director earns $325,000.

Here are the salaries of other advertising- and marketing-focused roles at Apple and other tech giants including Airbnb and Facebook.

A Facebook engineering director can make roughly $360,000

Sheryl Sandberg
Facebook COO Sheryl Sandberg

Facebook employees consistently make well into the six figures. An in-house ad-agency director hired in the past year earns a salary of just over $330,000. An engineering director makes roughly $360,000.

Pay depends on the job, of course, but increasingly on where the worker is based, too. A data analyst in California, for example, makes $130,000 to $150,000 a year. One data analyst in Texas makes $128,000, and another $111,000. A software engineer in New York makes $160,000. One in Rhode Island and another in Texas make $118,000 a year.

Here are all the latest data on Facebook salaries.

Microsoft’s highest-paying jobs include software engineers, sales managers, and researchers.

Microsoft employees
Employees at Microsoft.

We analyzed Microsoft’s more than 1,400 active foreign-worker visas in 2020 to find the titles with the highest salaries and provided a salary range for each role.

We focused this list on roles that pay $175,000 or more at the high end of the range and categorized them based on information we found in job postings. The highest salary we found, for a channel sales manager, was $250,000.

In internal Microsoft surveys obtained by Business Insider, 55% of staff said in 2020 that their combined salary, bonus, and equity was competitive with similar jobs at other companies, down from 65% in 2017.

Here’s the full list of jobs and salaries, covering positions such as cloud-solutions architect, legal counsel, silicon engineer, and software engineering lead.

Uber competes with the biggest Silicon Valley companies, and its salaries show that.

Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi.

Though Uber has gone through rounds of job cuts in recent years, its compensation for many full-time positions is competitive with the biggest Silicon Valley tech firms.

Senior engineers can earn salaries of well over $200,000, while data scientists can pull in almost $150,000 and senior product managers can make about $190,000 or more, excluding any equity or bonus.

Check out the full list of Uber positions and salaries here.

Intel engineering managers can make more than $300,000.

pat gelsinger vmware
Intel CEO Pat Gelsinger.

Intel is battling slowing revenue growth, shrinking margins, and rising competition from Taiwan Semiconductor, AMD, Nvidia, and others.

There’s also a semiconductor shortage to contend with, while marquee customers like Apple are designing their own chips.

For all of this, Intel relies on scientists, researchers, managers, marketers, and different types of software and hardware engineers.

Here’s a peek at the salaries Intel pays some of these employees, based on roles from almost 1,000 approved visa applications that the company filed with authorities.

IBM employees can make as much as $335,000 in base salary.

IBM CEO Arvind Krishna
IBM CEO Arvind Krishna.

Under CEO Arvind Krishna, IBM is trying to reinvent itself for the cloud-computing era, dominated so far by Amazon, Microsoft, Alibaba, and Google.

IBM’s 2019 purchase of the open-source-software firm Red Hat for $34 billion was a defining moment when the company bet big on hybrid cloud and artificial intelligence. Part of IBM’s reinvention includes growing its 350,000-strong employee base to add engineering talent in cloud, hybrid cloud, and AI, as well as in fields like strategy, consulting, and business analysis.

Business Insider analyzed the 241 H-1B visas IBM applied for since January to find out what it pays engineers, business analysts and consultants, digital strategists, and more. The highest-paid IBM employees can make as much as $335,000 in base salary, according to that data.

Check out all the jobs and salaries here.

A senior manager of software engineering at Salesforce is paid more than $215,000.

Salesforce tower
Employees outside the Salesforce Tower.

Salesforce is embracing a hybrid mindset, giving employees the option to work remotely part time, and it expects to increase its number of permanently remote workers, too.

That flexibility is opening up talent pools for the company. Last September, the company said it was planning to add over 12,000 jobs over the next year. And Chief People Officer Brent Hyder told the San Francisco Chronicle in April that Salesforce’s hiring spree this year would exceed 15,000 employees.

Insider analyzed the 206 H-1B visas Salesforce applied for from January to March to find out how much it paid workers in areas like engineering, data analytics, and product management. Software engineers can make more than $200,000 in salary, the data showed.

Here’s the full list of positions and pay.

Snap offers base salaries ranging from $59,000 to $500,000.

Evan Spiegel Snap CEO
Snap CEO Evan Spiegel.

Snap, the company behind Snapchat, has had a growth spurt. And it’s been staffing up to support ambitions in areas like augmented reality, short-form video, and original shows. The company now has about 4,000 employees in 15 countries.

Snap said in May that it was committed to paying all employees a livable wage that “contributes to healthy work-life integration and to the local economy in which we work.” It offers a minimum of $15,000 in equity grants to new hires and said its baseline annual pay rate for employees at its headquarters in Santa Monica is $70,000.

In late 2020 and 2021, Snap offered annual base salaries ranging from $59,000 to $500,000 for various roles, according to data from H-1B visa applications analyzed by Business Insider.

Check out all the Snap jobs and pay here.

Waymo pays $122,000 to $300,000, depending on the type of job and location.

Waymo co-CEOs Tekedra Mawakana, and UiPath CEO Daniel Dines.
Waymo co-CEO Tekedra Mawakana and UiPath CEO Daniel Dines.

Few industries are blowing up like artificial intelligence and big data. PitchBook estimated that spending on AI software and hardware would reach $138 billion this year and grow at a rate of 23% in the next three years.

All that investment fuels an equally explosive jobs market. The job-search site ZipRecruiter showed more than 60,000 AI-engineer jobs listed. Those roles pay very well, with annual compensation as high as $304,500.

Business Insider analyzed US visa-application data from the first quarter of 2021 for permanent and temporary foreign workers to find out what 10 top AI companies pay engineers, researchers, and other professionals in the field of big data and machine learning.

Waymo relies heavily on AI to train the software that controls its autonomous vehicles. The Alphabet unit pays $122,000 to $300,000, depending on the type of job and location, according to the data.

Here’s the full salary data for Waymo, Snowflake, UiPath, Databricks, DataRobot, Samsara, ByteDance, Cruise, Dataminr, and OpenAI.

Read the original article on Business Insider

Top marketing and advertising salaries: What you can make at companies including Apple, Google, and Spotify

A Spotify employee
  • Insider analyzed salary data across some of the hottest companies to reveal how much marketers, ad, and PR professionals make.
  • We crunched the numbers for Apple, Google, Microsoft, WPP, and Spotify, and others.
  • US companies report the data in visa applications for foreign workers.
  • See more stories on Insider’s business page.

Even as many industries laid off people in the pandemic, companies from Apple to WPP are hiring top ad and marketing talent to fine-tune their image and promote their growing range of products to consumers.

Advertising and related services employed 447,300 workers in August, up 3.2% from a year ago, according to BLS data.

Companies also hire a lot of people from abroad. They’re required to disclose information including salary or salary ranges when they hire people under the H1-B visa program, giving insight into what companies are willing to pay for experts.

Insider rounded up its reporting on what some of the hottest companies pay for marketing and advertising roles by analyzing government data for 2020 and 2021 that companies are required to file for visa-holding employees.

Snap marketing and sales staff pay can reach $110,000 per year

Snap, the company behind Snapchat, has been on a growth tear in recent months. It’s been staffing up as it tries to take on competitors in areas like augmented reality, short-form video, and original shows.

It’s offered staffers in marketing and sales roles like account executive base salaries between $78,000 and $110,000 per year.

Here’s a look at other positions and what they pay across Snap.

Spotify pays marketers $95,000 to $190,000 in base salary

Spotify has become the podcast home to heavy hitters including the Obamas and Joe Rogan, and it’s been steadily hiring as it grows its podcast ambitions.

Spotify offered staffers on US work visas in marketing roles annual base salaries between $94,000 and $190,000. The positions included associate director, corporate development, $185,000; and global agency lead, $157,000.

Read about those and other positions at Spotify.

Marketing roles at Netflix can reach $330,000

Netflix’s resilience despite the pandemic and rising competition has helped make it one of the most desirable places to work in tech.

The streamer has been hiring around the world for a variety of positions, from marketers in Seoul to animation roles in Los Angeles. Unlike other tech companies, it doesn’t pay performance bonuses, but pays high salaries instead.

​​Netflix offered staffers on US work visas in marketing roles annual base salaries ranging from $193,000 and $330,000 per year. They included $193,066 for a manager of brand partnerships and $210,000 for a marketing operations manager.

Here are salaries of marketing and other roles at Netflix.

Creative directors are among the highest paid roles at ad holding companies like WPP

The ad industry went through a major contraction in 2020, with revenue at the major holding companies down by double-digits.

Yet as client spending returns, the biggest agencies are looking for executives to fill top positions like heads of new business, managing directors, and healthcare and ecommerce specialists.

WPP paid healthcare executives $178,000 and top creative leaders up to $880,000, while Dentsu’s Merkle agency awarded paid search managers $90,000 to $135,000, for example.

Read more about pay at WPP, Omnicom, and other ad holding companies.

PR specialists are some of the industry’s top payers

The public relations industry resumed hiring as the industry bounces back from the pandemic. Firms are ramping up recruitment in hot areas like data, crisis management, and healthcare consulting.

Edelman, the biggest PR firm by revenue, paid an associate data scientist $98,363 and VP, technology media specialists $135,000 to $155,000.

Healthcare is in demand, and salaries show it. WPP’s BCW paid an SVP, strategy and development for healthcare $178,000.

Consulting firms with PR specialty divisions offer some of the industry’s top-paying jobs. A VP at Teneo, for example, can make $205,000 to $215,000.

See the full list of PR industry salaries here.

Apple marketers can earn up to $325,000

Technology giants like Facebook, Google, Amazon, Uber, and Airbnb have soared in recent years, thanks in part to their marketing.

Apple is well known for its advertising. It has a dedicated ad agency at Omnicom that handles most of its advertising, and it regularly gets attention for its cinematic campaigns.

Apple also has its own advertising staff, from art directors to design and creative directors.

Here’s a sampling of what Apple, Airbnb, Google, and other tech companies pay marketers.

Intel pays marketing employees nearly $230,000

Intel’s growth has been slowing as it faces growing competition, but its new CEO is trying to turn things around.

It announced plans to invest $20 billion in new factories in Arizona, it’s investing in research and development, and is racing against other tech giants like IBM, Microsoft, and Google to build quantum computers, among other moves.

For all of this, Intel relies on marketers as well as researchers, managers, and software and hardware engineers.

It paid marketing engineers in California $159,536-$229,960 while marketing engineers in Oregon made $110,032-$150,750, for example. Elsewhere, a marketing manager in California can expect a salary of between $124,413-$196,550.

Read more about those and other Intel salaries here.

McAfee paid a marketing VP more than $230,000

Cybersecurity companies are hiring aggressively to fill a talent gap across the industry.

Most of the companies pay six-figure salaries for rank and file tech roles, with managers and executives making up to $350,000 in some cases, according to an Insider review of 24 major players.

Auth0 hired a head of content with a salary of $230,000, for example, while McAfee paid a marketing VP $230,006.

See what those and other cybersecurity companies pay for those and other roles here.

Read the original article on Business Insider

Big Tech salaries revealed: How much engineers, developers, and product managers make at companies including Amazon, Google, Apple, Microsoft, Intel, Uber, IBM, and Salesforce

Two people sitting in an office in front of four monitors and talking to each other while holding clipboards.
Business Insider analyzed salary data for workers at top tech companies.

  • Business Insider analyzed salary data for thousands of workers to reveal how much large tech companies pay.
  • We crunched the numbers for companies including Airbnb, Amazon, Apple, Google, Microsoft, Salesforce, Snap, and Uber.
  • The data, which US companies report in visa applications for foreign workers, sheds light on how engineers, designers, and others are compensated in the competitive industry.

Big US technology companies have powered their way through the pandemic, posting impressive growth, minting money, and hiring rapidly.

In early July, the tech-industry association CompTIA reported that the sector experienced job growth in 10 out of the previous 12 months – a standout performance given the lockdowns last year. Tech firms added more than 80,000 workers in the US through the first half of 2021, it added.

Google’s parent company, Alphabet, hired more than 4,000 employees in the second quarter alone. Overall, more than 300,000 open tech jobs were posted in June, with software and app developers, IT-support specialists and project managers, systems engineers and architects, and systems analysts in highest demand. Jobs in emerging tech, such as AI, accounted for more than a quarter of open positions.

Companies are required to disclose information including salary (or, in some cases, salary ranges) when they hire foreign workers under the H1-B visa program, giving insight into what these tech giants are willing to shell out for talent.

So, to get a sense of what salaries in the industry are like these days, Business Insider analyzed the US Office of Foreign Labor Certification’s disclosure data for permanent and temporary foreign workers to find out what companies pay employees in key roles, including engineers, designers, and salespeople.

When you’re done checking out this industry data, take a look at Insider’s searchable database of over 250,000 salaries from more than 250 companies so you can know how much you should be paid.

Google’s software engineers can make more than $300,000.

Alphabet & Google CEO Sundar Pichai
Google CEO Sundar Pichai.

Google is often touted as one of the best places to work, with compensation to match.

A software engineer was offered $353,000, a vice president of engineering can get $475,000, and a senior vice president recently took in an annual salary of $650,000.

Here’s a look at many other positions and how much they pay across Google.

The company’s Cloud business has been aggressively building out its workforce as it tries to catch its larger cloud rivals Amazon Web Services and Microsoft Azure.

Here’s a peek at the salaries Google Cloud pays US-based engineers, managers, and more.

Amazon cloud-solutions architects are paid $90,800 to $185,000, depending on location and skills.

Adam Selipsky AWS CEO
Adam Selipsky, the Amazon Web Services boss.

Amazon’s cloud unit, now run by Adam Selipsky, has continued hiring for technical and business talent to support its dominant cloud-computing business.

Insider reviewed more than 200 H-1B visas that Amazon’s cloud unit applied for from January to June to reveal how much it paid software developers, data scientists, marketers, salespeople, business analysts, and more. The highest-paid employees, according to that data, can make as much as $185,000 in base salary.

Check out the details here.

Senior marketing jobs at Apple can pay up to $325,000.

tim cook peace sign
Apple CEO Tim Cook.

Apple’s advertising is legendary, and its broader marketing efforts are integral to the company’s success. The iPhone maker regularly gets attention for its cinematic campaigns.

The company sponsors visas for a range of well-paid marketing jobs. One marketing manager makes $240,000, while a marketing senior director earns $325,000.

Here are the salaries of other advertising- and marketing-focused roles at Apple and other tech giants including Airbnb and Facebook.

Microsoft’s highest-paying jobs include software engineers, sales managers, and researchers.

Microsoft employees
Employees at Microsoft.

We analyzed Microsoft’s more than 1,400 active foreign-worker visas in 2020 to find the titles with the highest salaries and provided a salary range for each role.

We focused this list on roles that pay $175,000 or more at the high end of the range and categorized them based on information we found in job postings. The highest salary we found, for a channel sales manager, was $250,000.

In internal Microsoft surveys obtained by Business Insider, 55% of staff said in 2020 that their combined salary, bonus, and equity was competitive with similar jobs at other companies, down from 65% in 2017.

Here’s the full list of jobs and salaries, covering positions such as cloud-solutions architect, legal counsel, silicon engineer, and software engineering lead.

Uber competes with the biggest Silicon Valley companies, and its salaries show that.

Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi.

Though Uber has gone through rounds of job cuts in recent years, its compensation for many full-time positions is competitive with the biggest Silicon Valley tech firms.

Senior engineers can earn salaries of well over $200,000, while data scientists can pull in almost $150,000 and senior product managers can make about $190,000 or more, excluding any equity or bonus.

Check out the full list of Uber positions and salaries here.

Intel engineering managers can make more than $300,000.

pat gelsinger vmware
Intel CEO Pat Gelsinger.

Intel is battling slowing revenue growth, shrinking margins, and rising competition from Taiwan Semiconductor, AMD, Nvidia, and others.

There’s also a semiconductor shortage to contend with, while marquee customers like Apple are designing their own chips.

For all of this, Intel relies on scientists, researchers, managers, marketers, and different types of software and hardware engineers.

Here’s a peek at the salaries Intel pays some of these employees, based on roles from almost 1,000 approved visa applications that the company filed with authorities.

IBM employees can make as much as $335,000 in base salary.

IBM CEO Arvind Krishna
IBM CEO Arvind Krishna.

Under CEO Arvind Krishna, IBM is trying to reinvent itself for the cloud-computing era, dominated so far by Amazon, Microsoft, Alibaba, and Google.

IBM’s 2019 purchase of the open-source-software firm Red Hat for $34 billion was a defining moment when the company bet big on hybrid cloud and artificial intelligence. Part of IBM’s reinvention includes growing its 350,000-strong employee base to add engineering talent in cloud, hybrid cloud, and AI, as well as in fields like strategy, consulting, and business analysis.

Business Insider analyzed the 241 H-1B visas IBM applied for since January to find out what it pays engineers, business analysts and consultants, digital strategists, and more. The highest-paid IBM employees can make as much as $335,000 in base salary, according to that data.

Check out all the jobs and salaries here.

A senior manager of software engineering at Salesforce is paid more than $215,000.

Salesforce tower
Employees outside the Salesforce Tower.

Salesforce is embracing a hybrid mindset, giving employees the option to work remotely part time, and it expects to increase its number of permanently remote workers, too.

That flexibility is opening up talent pools for the company. Last September, the company said it was planning to add over 12,000 jobs over the next year. And Chief People Officer Brent Hyder told the San Francisco Chronicle in April that Salesforce’s hiring spree this year would exceed 15,000 employees.

Insider analyzed the 206 H-1B visas Salesforce applied for from January to March to find out how much it paid workers in areas like engineering, data analytics, and product management. Software engineers can make more than $200,000 in salary, the data showed.

Here’s the full list of positions and pay.

Snap offers base salaries ranging from $59,000 to $500,000.

Evan Spiegel Snap CEO
Snap CEO Evan Spiegel.

Snap, the company behind Snapchat, has had a growth spurt. And it’s been staffing up to support ambitions in areas like augmented reality, short-form video, and original shows. The company now has about 4,000 employees in 15 countries.

Snap said in May that it was committed to paying all employees a livable wage that “contributes to healthy work-life integration and to the local economy in which we work.” It offers a minimum of $15,000 in equity grants to new hires and said its baseline annual pay rate for employees at its headquarters in Santa Monica is $70,000.

In late 2020 and 2021, Snap offered annual base salaries ranging from $59,000 to $500,000 for various roles, according to data from H-1B visa applications analyzed by Business Insider.

Check out all the Snap jobs and pay here.

Waymo pays $122,000 to $300,000, depending on the type of job and location.

Waymo co-CEOs Tekedra Mawakana, and UiPath CEO Daniel Dines.
Waymo co-CEO Tekedra Mawakana and UiPath CEO Daniel Dines.

Few industries are blowing up like artificial intelligence and big data. PitchBook estimated that spending on AI software and hardware would reach $138 billion this year and grow at a rate of 23% in the next three years.

All that investment fuels an equally explosive jobs market. The job-search site ZipRecruiter showed more than 60,000 AI-engineer jobs listed. Those roles pay very well, with annual compensation as high as $304,500.

Business Insider analyzed US visa-application data from the first quarter of 2021 for permanent and temporary foreign workers to find out what 10 top AI companies pay engineers, researchers, and other professionals in the field of big data and machine learning.

Waymo relies heavily on AI to train the software that controls its autonomous vehicles. The Alphabet unit pays $122,000 to $300,000, depending on the type of job and location, according to the data.

Here’s the full salary data for Waymo, Snowflake, UiPath, Databricks, DataRobot, Samsara, ByteDance, Cruise, Dataminr, and OpenAI.

Read the original article on Business Insider

Biden’s about to raise food stamps to $157 a month from $121 – the biggest boost ever

joe biden
President Joe Biden speaks about prescription drug prices and his “Build Back Better” agenda from the East Room of the White House, Thursday, Aug. 12, 2021, in Washington.

  • Biden is set to announce the largest-ever boost to food stamps on Monday, the NYT reports.
  • The average monthly benefit will rise to $157 per person from $121. That’s about 40 cents per meal.
  • A 15% boost to food stamps was set to lapse on September 30, but Biden’s move offsets that.
  • See more stories on Insider’s business page.

President Joe Biden is expected to announce the largest-ever boost to food stamps on Monday, permanently increasing aid for the roughly 42 million Americans on the program.

The average monthly benefit will climb to $157 per person from $121, The New York Times reported, citing an administration official. That translates to an increase of roughly 40 cents per meal. For a family of four, the maximum benefit will rise to $835 per month, up about 21% from the pre-pandemic limit.

The increase will take effect on October 1.

The move is one of the ways Biden can increase aid for Americans without Congressional approval. The Agriculture Department will increase payments through the Supplemental Nutrition Assistance Program (SNAP) by updating its list of foods needed for a healthy diet.

Biden’s increase ends a process that began in his first days in office. In a late January executive order, the president called on the USDA to review the Thrifty Food Plan, which includes the list of foods that determines SNAP payments. The administration argued the plan didn’t accurately reflect households’ nutritional and financial needs.

The food plan was originally set to be updated by 2022, but the Biden order sped up that process and is now set to bring higher benefits before the end of the year.

The fiscal cliff looms large

The announcement comes just weeks before enhanced SNAP benefits were set to lapse at the end of September. Congress approved a 15% supplement to the program at the end of last year, and Biden’s move will offset that boost’s expiration and leave SNAP beneficiaries with permanently higher payments.

The September deadline was part of a larger set of expirations known as the “fiscal cliff.” A slew of pandemic-era support programs was set to end in September, with Republicans arguing the economic recovery made such aid obsolete.

Some, like the freeze to student loan payments, were recently extended to avoid a sudden pullback in government support. Others, like the federal eviction moratorium, weren’t re-upped and have raised concerns around reversing aid while virus cases rebound. The Biden administration renewed some parts of the eviction ban in a last-ditch effort earlier in August, but legal battles risk canceling the extension.

The boost to food stamps hasn’t come without its share of backlash. Ranking members on the House and Senate Agriculture Committees asked the Government Accountability Office last week to review the White House’s process for updating the Thrifty Food Plan.

The administration will publish the results of its review soon and is prepared to brief lawmakers on the matter, Agriculture Secretary Tom Vilsack told Politico in a statement.

Read the original article on Business Insider

How much Snap pays employees in the US in 2021

Evan Spiegel

Snap, the company behind Snapchat, is hiring for hundreds of jobs in the US as the tech company expands into areas like augmented reality, short-form video, and original shows.

The growth spurt comes as Snap reported during the first quarter its highest year-over-year revenue and daily active user growth rates in three years.

Insider analyzed how much Snap pays for certain roles in the US.

We combed through public data to get a picture of Snap’s salary levels. The data, released by the US Department of Labor’s Office of Foreign Labor Certification, shows how much Snap offered to pay employees who it wanted to hire in the US through work visas.

Snap offered certain US staffers between October 2020 and March 2021 annual salaries ranging $59,000 to $500,000 for various roles, according to the data.

Snap said it’s committed to paying all employees a livable wage that “contributes to healthy work-life integration and to the local economy in which we work.” It offers a minimum of $15,000 in equity grants to new hires, and said its baseline annual pay rate for employees at its headquarters in Santa Monica is $70,000.

Our full analysis breaks down salaries for jobs including product, research, engineering, and marketing roles.

Read more about how much Snap employees make, including recent salary offers for specific roles at the Snapchat maker

Read the original article on Business Insider

From Tesla to Workhorse, here are the 50 most popular stocks among retail investors on Robinhood

GettyImages 1291817095
Robinhood is hugely popular among day traders, putting it at the center of the GameStop frenzy

Robinhood has been the poster child of the commission-free trading movement that has drawn a new generation of investors into the stock market, and its user base skews heavily to Millennial and Gen Z investors. From iconic companies like Apple, to upstarts looking to disrupt whole industries, here are the top 50 stock picks among Robinhood users.

50. Workhorse

Workhorse Truck
Workhorse

Workhorse, the Loveland, Ohio-based electric-vehicle maker, has become a retail favorite among other auto manufacturers, like Lordstown Motors and Canoo.

49. Boeing

Inside the cockpit of Boeing 757 testbed aircraft - Honeywell Aerospace Boeing 757 testbed aircraft
Thomas Pallini/Insider

Shares of the plane-maker have rallied more than 12% so far this year.

48. Zynga

Zynga Peak
Rafael Henrique/SOPA Images/LightRocket via Getty Images

The mobile-gaming company sees more than $1 billion in sales opportunity if it expands beyond mobile games to consoles and computers, Bloomberg reported.

47. Uber

Uber
Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Shares of the San Francisco-based ride-hailing company have been barely changed so far this year.

46. United Airlines

Flying United Airlines during pandemic
Thomas Pallini/Insider

The airline slumped amid the COVID-19 pandemic but has turned around as air travel picks back up.

45. SPDR S&P 500 ETF

A number of value stocks have been surging on the S&P 500 in 2021.
Kena Betancur/VIEWpress

The ETF tracking the benchmark index has risen about 15% so far this year.

44. NVIDIA

nvidia impressive ceos 2x1
Jensen Huang, CEO of Nvidia. Nvidia; Skye Gould/Insider

The chip and graphics card producer has rallied more than 50% year-to-date.

43. General Motors

General Motors headquarters Detroit
Paul Hennessy/SOPA Images/LightRocket via Getty Images

The automaker is among a slew of others in the industry that retail traders have rallied behind.

42. Coca-Cola

Coca-cola billboard
Peter Macdiarmid/Reuters

Shares of the Atlanta-based beverage company have rebounded from a slump earlier this year.

41. Vanguard S&P 500 ETF

Vanguard vs Fidelity
MoMo Productions

The exchange-traded fund has rallied 14% so far this year.

40. Norwegian Cruise Line

The Norwegian Prima cruise ship
Norwegian Cruise Line

The cruise industry was hit hard amid the COVID-19 pandemic, but shares of cruise operators are on the rebound as the world reopens.

39. Ideanomics

GettyImages 539998802
P. Steeger/Getty Images

Ideanomics, a small company focused on sustainability, has rallied alongside other meme stocks like GameStop this year.

38. Virgin Galactic

Virgin Galactic
Virgin Galactic

The space tourism company has been a focus among Reddit retail traders for months. Shares soared in May after the company announced its successful test flight.

37. FuelCell Energy

fuel cell
REUTERS/Hugh Gentry

The Danbury, Connecticut-based company creates “clean, efficient and affordable fuel cell solutions,” according to its website.

36. AT&T

AT&T
Brendan McDermid/Reuters

The media and telecommunications company based in Dallas is among retail-trader favorites on Robinhood.

35. Moderna

woman getting vaccine
A physician injects someone with the Moderna Covid-19 vaccine. MediaNews Group/Boston Herald via Getty Images

Moderna shares have rallied in recent days since the pharmaceutical company announced its COVID-19 vaccine should work against the Delta variant.

34. Starbucks

A Starbucks barista makes coffee in Florida.
Jeffrey Greenberg/Universal Images Group via Getty Images

The popular Seattle-based coffee maker recently added oat milk-based drinks to its menu.

33. Twitter

Twitter logo over computer
NurPhoto/Getty Images

The social-media site has been a hub for retail traders exchanging ideas this year.

32. Advanced Micro Devices

austin amd
Jack Plunkett/AP

Advanced Micro Devices, a semiconductor company, is frequently mentioned on Reddit investing threads like Wall Street Bets.

31. Canopy Growth

canopy growth
REUTERS/Chris Wattie

The Canadian cannabis company is one of a handful of its kind that are among retail-trader favorites.

30. Facebook

facebook logo
Getty

The social media behemoth is now worth more than $1 trillion after a federal judge dismissed antitrust lawsuits against the company.

29. Tilray

Tilray marijuana
Tilray

The Canadian cannabis company has seen a lot of Reddit hype as retail investors look to position themselves for the possibility of legalization in the US.

28. Coinbase Global

The photo shows physical imitations of cryptocurrency
INA FASSBENDER/AFP via Getty Images

Coinbase was the first major cryptocurrency exchange to go public on April 14.

27. Bank of America

BofA logo
Carlo Allegri/Reuters

Shares of the Charlotte, North Carolina-based bank have rallied about 36% so far this year.

26. OrganiGram

weed thc marijuana cbd cannabis
Olena Ruban/Getty Images

The Canadian cannabis company is one of several retail traders have hyped up.

25. Alibaba

alibaba jack ma NYSE
Alibaba went public on the NYSE in 2014. Andrew Burton/Getty Images

Shares of the Chinese e-commerce company have fallen about 2.6% this year.

24. Netflix

netflix
Photo Illustration by Chesnot/Getty Images

The streaming site recently launched an e-commerce store to sell items from popular shows like “The Witcher.”

23. Snap Inc.

Snapchat messaging application.JPG
REUTERS/Thomas White

Shares of the social site have rallied about 35% so far this year.

22. Delta Airlines

Delta Air Lines Airbus A320
A Delta Air Lines Airbus A320. Philip Pilosian/Shutterstock.com

The airline is among several others that struggled during the pandemic but has begun to rebound.

21. Churchill Capital Corp IV

money
Boonchai Wedmakawand/Getty Images

Shares of the special-purpose acquisition company have nearly tripled in price since going public earlier this year.

20. Palantir

Alex Karp - CEO of Palantir Alex Karp speaks to the press as he leaves the Elysee Palace in Paris, on May 23, 2018 after the "Tech for Good" summit, in Paris, France, on May 23, 2018.
Palantir CEO Alex Karp. Photo by Julien Mattia/NurPhoto via Getty Images

Palantir CEO Alex Karp said the surveillance company is a favorite stock pick because the company respects the intelligence of the retail-trading community.

19. GoPro

GoPro Inc's founder and CEO Nick Woodman holds a GoPro camera in his mouth as he celebrates GoPro Inc's IPO at the Nasdaq Market Site in New York City, June 26, 2014.  REUTERS/Mike Segar
GoPro Inc’s founder and CEO Woodman holds a GoPro camera in his mouth as he celebrates GoPro Inc’s IPO at the Nasdaq Market Site in New York City. Thomson Reuters

The maker of wearable cameras has rallied 38% so far this year.

18. Zomedica

veterinarian
Westend61/Getty Images

The Ann Arbor, Michigan-based company is focused on helping meet the needs of veterinarians, according to its website.

17. GameStop

gamestop store
John Minchillo/AP

GameStop was recently added to the Russell 1000 Index, a list of the largest companies based on market capitalization, thanks to its epic rally pushed by retail investors.

16. Carnival

carnival cruise
Sam Greenwood/Getty Images

The cruise line industry shuttered amid the COVID-19 pandemic, but operators like Carnival are making a comeback as the pandemic recedes.

15. Aurora Cannabis

Aurora Cannabis
Alberta Cannabis Inc/Handout via REUTERS

Aurora is another Canadia cannabis company that retail traders have flocked to amid excitement over potential legalization in the US.

14. Pfizer

pfizer vaccine us
Irfan Khan / Los Angeles Times via Getty Images

The pharmaceutical company has surged in popularity, largely thanks to the production of its COVID-19 vaccine.

13. Nokia

FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo
Reuters

Nokia has been looped into the basket of meme-stocks, like GameStop and AMC, that have gripped retail-traders attention this year.

12. Plug Power

Saudi Aramco hydrogen fueling station
Photo by Wang Haizhou/Xinhua via Getty Images

Plug Power, based in Latham, New York, is focused on creating hydrogen fuel cells to power vehicles.

11. American Airlines

American Airlines tails
American Airlines’ planes parked at a gate in Washington. Joshua Roberts/Reuters

The Fort Worth, Texas-based airline has rallied about 35% year-to-date.

10. Amazon

amazon warehouse truck shipping
ANGELA WEISS/AFP via Getty Images

The e-commerce giant is among the biggest companies in the world with a $1.7 trillion market capitalization.

9. Microsoft

Satya Nadella
Satya Nadella is the CEO of Microsoft. Sean Gallup: Getty Images

Microsoft is among the largest companies in the world with a $2 trillion market capitalization.

8. Disney

Disney World
The Cinderella Castle at Walt Disney World, Florida. Roberto Machado Noa / LightRocket via Getty Images

Shares of the media and entertainment conglomerate have dropped about 3% so far this year.

7. NIO

Nio
STR/AFP via Getty Images

The Chinese electric-vehicle maker has rallied more than 600% in the past year.

6. General Electric

GE.
General Electric reports strong earnings. Hussein Faleh/Getty Images

Shares of the long-time company have been on the rise this year, rallying about 25%.

5. Ford

Biden Ford
President Joe Biden drives the new electric Ford F-150 lightning at the Ford Dearborn Development Center in Dearborn, Michigan on May 18, 2021. Nicholas Kamm/Associated Press

The legacy automaker garnered attention earlier this year when President Joe Biden floored one of its electric trucks.

4. Sundial Growers

Marijuana Cannabis
AP Photo/Steven Senne, File

Sundial, among other Canadian cannabis companies, is a favorite among retail traders.

3. AMC Entertainment

AMC stock
Igor Golovniov/SOPA Images/LightRocket via Getty Images

AMC Entertainment became a retail-trader favorite earlier this year, and led a rally in memes last month amid renewed interest in meme stocks.

2. Apple

Apple CEO Tim Cook
Apple CEO Tim Cook. Karl Mondon/Digital First Media/The Mercury News via Getty Images

The iPhone maker is the most valuable company in the world with a market cap of more than $2 trillion.

1. Tesla

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Tesla CEO Elon Musk. Frederic J. Brown/AFP via Getty Images

Tesla’s Chief Executive Officer Elon Musk has captured retail-trader attention in both his company and in the realm of cryptocurrencies.

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Snap jumps as 1st-quarter revenue beats expectations and guidance surges

Evan Spiegel, Snap
Snap’s CEO Evan Spiegel.

  • Snap shares rose more than 6% early Friday following the company’s first-quarter financial report.
  • The social media platform posted breakeven adjusted earnings compared with the loss estimate of $0.06 per share from Refinitiv.
  • Snap forecasts a rise of at least 81% in second-quarter revenue to $820 million.
  • See more stories on Insider’s business page.

Snap shares were propelled higher Friday after the social media site turned in first-quarter financial results that surpassed Wall Street’s targets and set its sight on a jump in revenue.

The company late Thursday posted breakeven earnings per share on an adjusted basis compared with a loss of $0.06 per share in a consensus estimate from Refinitiv. A year ago, Snap lost $0.08 per share.

Revenue leapt by 66% to $769.6 million from $462.5 million a year earlier, beating analyst expectations of $743.8 million. The company said its active advertiser base about doubled from the year-ago period and that it delivered positive free cash flow for the first time as a public company.

Shares rose 6.6% to $60.80 early Friday. The stock has picked up about 14% this year and has more than tripled from $16 over the past 12 months.

Snap forecast second-quarter revenue of $820 million to $840 million, which would represent growth of 81% to 85% from $454 million in the year-ago period. Analysts, on average, currently anticipate $827 million.

In the first quarter, global daily active users rose by 51% to 280 million, higher than the Refinitiv estimate of 274.6 million users. Snap also said for the first time that the majority of its daily active users for the quarter were on the Android version of its app.

“We have a large opportunity to gain share of the global digital ad market, which is $340 billion and growing,” said Jeremi Gorman, Snap’s chief business officer, during the company’s earnings call. She said the company is focused on three priorities: investing in its ad platform, scaling its sales and marketing functions to support advertising partners worldwide, and building ad experiences through video and augmented reality.

Social platforms, especially over the past year, have been increasing focus on e-commerce, said Scott Kessler, global sector lead for technology, media and telecommunications at Third Bridge, in a note.

“The recent acquisition of Fit Analytics could help Snap in the fashion area, and ultimately challenge Pinterest, where the latter has had success with its “try on” feature in the beauty category,” he said.

Read the original article on Business Insider

Volv bills itself as ‘TikTok for news.’ The Snap-backed app makes news stories you can read in 9 seconds.

Volv
The app combines breaking news with pop culture stories.

  • Volv creates short-read news stories that users can swipe through.
  • The app combines financial and political news with popular culture, and is aimed at millennials.
  • The founders got advice from Mark Cuban and pre-seed funding through Snap’s accelerator Yellow.
  • See more stories on Insider’s business page.

Shannon Almeida and Priyanka Vazirani didn’t have any tech experience before they decided to create their own news app.

After working at a social startup on a campaign helping migrants at the border, they noticed how biased the mainstream media was. So the two decided to create an alternative.

Volv, which was founded in March 2020, is an antidote to traditional news apps, Almeida told Insider.

Read more: Facebook says it removed more than 1.3 billion fake accounts in the months surrounding the 2020 election

The app aims to create unbiased news in real-time and bills itself as “TikTok for news.”

It creates news stories, averaging at around 70 words, which users can read in less than nine seconds. The stories are listed in-app in a swipe format that’s easy on the eye. This is crucial to make the app attractive to its millennial target market, Vazirani said.

A post shared by Volv ☁️ (@volvmedia)

People in their teens and 20s often check their phones before they even get out of bed, logging into various apps to view the latest newsfeed updates. On Volv, users can scroll through and see all the major news stories at a glance.

The app combines breaking news with pop culture stories, such as explaining memes that are going viral. A prime example would be Bernie Sanders’ mittens at Joe Biden’s presidential inauguration.

In this way, the app can show people the top political and financial stories and covert non-news readers, while also offsetting heavy stories with lighter reads.

This approach is paying off. Volv publishes around 50 stories a day and its articles have been read nearly 8 million times so far. Its founders said it has a high retention rate, too.

A post shared by Volv ☁️ (@volvmedia)

Volv launched a week before the US went into lockdown but perhaps this was fortunate timing. People staying at home spend more time online. In addition, major news events have drawn readers in. This includes the Black Lives Matter movement, tumultuous 2020 presidential election, Capitol siege, and of course, the ongoing pandemic.

“It sort of pushed us in at the deep end,” Almeida told Insider.

Being unbiased is a key part of the app’s identity. Its founders also recently launched a feature called timeline news. This allows readers to get a broader view of the topic and understand how a story has developed, without moving away from the short-format feature.

Consumer angle

It has a team of fewer than 10 people – but it’s actively recruiting more so it can diversify its content.

Volv co-founders Shannon Almeida and Priyanka Vaziran.
Volv co-founders Shannon Almeida and Priyanka Vazirani.

Prior to launching the app, Almeida and Vazirani, emailed billionaire entrepreneur Mark Cuban on a whim for some advice. To their surprise, Cuban responded. He gave them tips on how to make the content more youthful and in sync with millennials. He also advised them on how to market the app and differentiate it from existing news sites.

Almeida and Vazirani had no tech experience before creating Volv. Instead, they created the app from a consumer angle, the pair told Insider. They also applied this to the interface of the app, which has neutral colors and no bold headlines to create a calm, seamless experience, Vazirani said.

So far, Volv has used purely organic marketing. It’s been featured by YouTubers and tech bloggers, and has a page on Product Hunt, which helps spread the word and give it a global audience, Almeida said. Although it’s shunned paid marketing so far, it’s looking to try it out in the future, she added.

A post shared by Volv ☁️ (@volvmedia)

Volv received pre-seed funding through Snap’s accelerator Yellow, which Vazirani said gave it “instant validation.” As well as the funding, Yellow has also given Volv access to a range of resources, including sessions hosted by guest speakers. Snapchat and Volv share the same target market and are both based around speed and short pieces, so the pairing made sense, Vazirani said.

The founders told Insider Volv is going to be raising its seed round soon but did not provide further details.

Read the original article on Business Insider

3 of Snap’s top leaders have made multimillion-dollar home purchases in the last year amid a major comeback for the company

Evan Spiegel
Snap CEO Evan Spiegel.

  • Three Snap execs have made multimillion-dollar home purchases in the last year.
  • The purchases come amid a breakout year for Snap, which has seen been luring users and advertisers.
  • Snap reported $911 million in revenue last quarter, an increase of 62% year-over-year.
  • See more stories on Insider’s business page.

A high-ranking Snap employee has purchased an $18 million Beverly Hills home, making him the third Snap exec to make a major house purchase in the last year.

Jared Grusd, who was hired as Snap’s chief strategy officer in 2018 and now serves as a strategic adviser at the company, purchased the Southern California mansion in November 2020, according to Dirt’s James McClain.

The roughly 10,000-square-foot home lies within a gated community in the mountains between Beverly Hills and Studio City and was previously owned by Jennifer Messer, the daughter of Skechers founder Robert Greenberg, Dirt reports.

Read more: Snap was almost left for dead. We talked to 22 insiders about how it staged a comeback and got advertisers to fall in love with it.

Reports of Grusd’s purchase follows another multimillion-dollar home purchase by a Snap executive: Dirt’s Mae Hamilton reported last month that Jeremi Gorman, Snap’s chief business officer, paid $15.8 million for a mansion in Hermosa Beach, California, just south of Snap’s headquarters in Venice, California. The hilltop home boasts ocean views and backs up to a property owned by TV host Jimmy Kimmel, Yahoo reports.

And in January, The New York Post’s Mary K. Jacob revealed that Snap cofounder and CEO Evan Spiegel dropped $30 million on a mansion in Paris. The 10,000-square-foot house, located near the Seine river in Paris, includes six bedrooms, five bathrooms, a swimming pool, courtyard, garden, library, music room, wine cellar, private dressing rooms, and space for nurses, maids, or chefs, according to the Post.

Spiegel and Kerr reportedly paid $30,358,000 when they purchased the property last May.

Those three major home purchases follow a breakout year for Snap in which shares of the company’s stock have risen roughly 34%. Snap’s stock recently hit a 52-week high of $68.70 following its investor day – Peter Sellis, Snap’s senior director of ad products, said that the company is “in a position to drive multiple years of 50% plus revenue growth,” according to CNBC.

As Insider’s Tanya Dua, Lara O’Reilly, and Dan Whateley reported earlier this month, Snap has been steadily winning back users and advertisers, due in part to the Facebook ad boycott last summer. Gorman told Insider that it was a “tipping point” for Snapchat, the disappearing photo and video app Snap owns – the company was able to convince both new and existing advertisers to spend on Snapchat instead of other social media platforms.

Snap also had its biggest quarter as a publicly traded company last month: The company reported $911 million in revenue for the final three months of the year, an increase of 62% since the same quarter a year prior.

Read the original article on Business Insider

4 measures in the Biden stimulus law that provide extra cash for Americans

Joe Biden
President Joe Biden.

  • The $1.9 trillion Biden stimulus law was enacted last week.
  • Some elements could strengthen the nation’s social safety net in the wake of the pandemic.
  • Provisions include larger tax credits and enhanced unemployment insurance.
  • See more stories on Insider’s business page.

President Joe Biden signed a $1.9 trillion stimulus law last week, among the largest government rescue measures in American history.

Many of its provisions are directed at keeping individuals and families afloat as vaccinations become more widely available. Still, some aspects of the law may end up dramatically remaking the social safety net.

“This package sets a new and powerful precedent, especially for helping children and their families when they have limited or no income,” Indivar Dutta-Gupta, co-executive director of the Georgetown Center on Poverty and Inequality, said in a recent interview with Insider.

(1) $1,400 stimulus checks

The relief law includes a $1,400 direct payment for most taxpayers. Those will be distributed over the next few weeks, and some are already going out the door.

Individuals earning up to $75,000 and couples making up to $150,000 qualify for full checks. A married couple, then, can get $2,800. People can also collect an extra $1,400 per adult dependent, a change from the first two federal payouts.

People earning above those thresholds still qualify for a smaller direct payment. But eligibility is capped at individuals earning more than $80,000 and joint filers bringing in more than $160,000, meaning people and households making above those amounts are paid nothing.

(2) $300 federal unemployment benefits through Labor Day

The law provides $300 in weekly federal unemployment benefits until September 6. The measure renewed the government supplement to state unemployment checks for an extra six months.

It extends the length of various programs, such as the Pandemic Unemployment Assistance program for gig workers and the Pandemic Emergency Unemployment Compensation for long-term unemployed people. Both will expire in September without additional action in Congress.

(3) Expanded tax credits

The law also beefs up the child tax credit for millions of families. For the next year, it provides $3,600 per child aged 5 and under, and $3,000 for each kid aged 6 to 17.

Payments were designated as “periodic” to clear Senate procedural hurdles, but Democrats want to implement advance monthly checks to families of up to $300, although it’s unclear if the IRS can accommodate that request. Advance checks could start going out on July 1, the legislation indicates.

Other tax credits are augmented as well, such as the Earned Income Tax Credit. The law nearly triples the maximum amount a childless worker can receive, from $540 to $1500. The income cap for adults is also lifted from $16,000 to $21,000, a step widening its reach.

(4) Bigger SNAP benefits

The measure also aims to address hunger and food insecurity through the Supplemental Nutritional Assistance Program. It renews a 15% boost to SNAP benefits through September.

Put another way, the increase is equal to $27 more in SNAP benefits per person each month, or just over $100 monthly for a family of four, according to the Center on Budget and Policy Priorities.

Read the original article on Business Insider