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FANG? I am not familiar with this acronym.
by djsumdog 7y ago
FANG? I am not familiar with this acronym.
- toomuchtodo 7y agoFacebook, Apple, Amazon, Netflix, Google (FAANG)
- belltaco 7y agoWhy is Microsoft excluded?
- toomuchtodo 7y agoMy understanding is that the comp is not in the same class at Microsoft as it is at the companies in the acronym.
- belltaco 7y agoVery many years ago Amazon was strictly behind Microsoft and others in comp, hard to believe they pulled ahead.
- lern_too_spel 7y agoJim Cramer invented the FANG acronym to refer to fast growing Internet stocks. He later added Apple. Tech workers now associate that acronym with high paying big tech employers, but Amazon and Apple don't fit that definition.
- CydeWeys 7y agoTo be fair, from the tech workers' point of view, it doesn't much matter whether the employer is technically a tech company (Google), a hardware manufacturer (Apple), or a retailer/cloud provider (Amazon). So long as you're getting paid top-bucks in the industry for doing software engineering, which is possible at all of them, then you're golden.
- shsjxjbsbs 7y agoFacebook, Google, and Netflix are known to make better offers than Apple and Amazon (although those two are capable of great offers and have both employed thousands of engineers who became millionaires after stock appreciation).
- lern_too_spel 7y agoMy point was that Amazon and Apple don't fit the high compensation definition.
- influx 7y agoAmazon entry level software engineer in Seattle starts at over 100k and senior goes way up from there. Particularly with the stock gains of AMZN, engineers are highly compensated.
- lern_too_spel 7y agoNot compared to FNG. A big reason for this discrepancy is enforceable noncompetes in Washington. In California, poaching is always fair game, so employers that compete on compensation have to pay accordingly.
- influx 7y agoWhat are your sources? Mine are I work for Facebook and worked at Amazon 8 years.
- lern_too_spel 7y agoIf you come from Amazon, Facebook will make an offer accordingly. If you have competing offers from NG, you will get a significant bump during salary negotiation. My sources are offers from these companies for multiple engineers.
- CydeWeys 7y ago"FANG" isn't exactly an acronym. Broadly speaking, it's a stand-in for the handful of very best, largest, desired (employment-wise), and high-paying tech companies. "Big 4" or "Big N" is an equivalent term that's a little less confusing, because it doesn't have the pretense of letters to stand for anything at all.
- lawnchair_larry 7y agoThat’s not correct. It actually has nothing to do with that. It is an acronym (Facebook, Amazon, Netflix, Google), and it was a group of high growth tech stocks about 5 years ago, coined by Jim Cramer. It’s not even relevant anymore. It has nothing to do with who pays the most or who is most desirable for employees.
- CydeWeys 7y agoIt is correct if you care about what people mean when they use a given word. An older meaning that has fallen out of primary use isn't very helpful in understanding what people are saying today. Etymology != current usage.
- lawnchair_larry 7y agoThe meaning hasn’t changed, many people just use it incorrectly because of this misconception.
- CydeWeys 7y agoThe meaning clearly has changed if it's widely being used in a different way. How do you think all those different definitions of words get into dictionaries? You're being prescriptivist, whereas language usage is descriptivist.