Pros
Comp is robust, and the benefits are good. This is a cut/paste from Meta/Alphabet. It is starting to operate as a profitable enterprise.
Cons
Joyless and without any sense of humor or purpose. Under Travis, the culture was severe yet had direction and meaning in the company mission. Since that's changed under Dara, the organization is confused about what it is and why it exists. Unless you're optimizing well-established portions of the app(s), the work and leadership are subpar. New Bets has atrocious leadership that bases decisions on fear of criticism from the executive team, deeply held insecurities, and a culture of cruelty. Shockingly poor internal reviews of mid-executives, back-stabbing, and lack of managing to objective outcomes - entirely driven based on hallway conversations, innuendo, and what benefits a closed group of homogenous directors.