HelloFresh interview questions

I made it past the phone screen and interview with hiring manager then was supposed to receive a take-home assessment but I was ghosted. About 60% of the phone screen was the recruiter explaining the total compensation which basically boiled down to "We don't pay fair market wages but we make up for it with equity (you just need to work for us for 3 years)". In the interview the hiring manager was aloof and disinterested the entire time. It seemed like he already made his mind up before the meeting which makes me wonder why he felt it was necessary to waste both of our time.