4 ms·

AppAmaGooBookSoft ignores Netflix, which is important for salary calibration since they are cash-only. And FAANG ignores MS. We need an acronym for all of them

AppAmaGooBookSoft ignores Netflix, which is important for salary calibration since they are cash-only. And FAANG ignores MS. We need an acronym for all of them. (Facebook Apple Google Microsoft Amazon Netflix). This also doesn't take into account the high salaries you can get in NYC in fintech.

asadlionpk 7y ago
how about FAGMAN?
- devmunchies 7y ago
  I did a google search and of course 4chan beat us to it. https://i.warosu.org/data/g/img/0720/42/1564100253474.png https://i.warosu.org/data/g/img/0720/42/1564100253474.png
tudelo 7y ago
Usually I see people refer to 'all said companies' as Big N
rifung 7y ago
> AppAmaGooBookSoft ignores Netflix, which is important for salary calibration since they are cash-only. And FAANG ignores MS. Why does it matter if it's cash only? The stock is equivalent to cash unless you care that much about the fluctuation. At Google we have Autosale so any time I get a stock grant it's automatically sold and deposited into my bank account as cash. At Microsoft I think they go even further and give you an amount of stock based on the cash value at the time you receive it so you don't even have to worry about price fluctuations. (At least that is my understanding) I believe the reason FAANG ignores MS is that MS salaries are lower, but that is only based on my personal experience.
- Infinitesimus 7y ago
  FAANG was coined base on stock performance and MS wasn't a hot stock at the time It happened that because their employees are paid heavily in stock, the acronym became synonymous to high paying jobs
- usaar333 7y ago
  Cash is not equivalent to stock. Stock has a higher expectation since you can invest unvested stock but not unvested cash. Hell, a stock offer is something like 30% more valuable than cash over 4 years, though obviously riskier. This is also why a lot of start-up offers actually blow away faang comp (way higher expected rate of return).. again at expectation.

asadlionpk 7y ago

how about FAGMAN?

devmunchies 7y ago
I did a google search and of course 4chan beat us to it. https://i.warosu.org/data/g/img/0720/42/1564100253474.png https://i.warosu.org/data/g/img/0720/42/1564100253474.png

tudelo 7y ago

Usually I see people refer to 'all said companies' as Big N

rifung 7y ago

> AppAmaGooBookSoft ignores Netflix, which is important for salary calibration since they are cash-only. And FAANG ignores MS. Why does it matter if it's cash only? The stock is equivalent to cash unless you care that much about the fluctuation. At Google we have Autosale so any time I get a stock grant it's automatically sold and deposited into my bank account as cash. At Microsoft I think they go even further and give you an amount of stock based on the cash value at the time you receive it so you don't even have to worry about price fluctuations. (At least that is my understanding) I believe the reason FAANG ignores MS is that MS salaries are lower, but that is only based on my personal experience.

Infinitesimus 7y ago
FAANG was coined base on stock performance and MS wasn't a hot stock at the time It happened that because their employees are paid heavily in stock, the acronym became synonymous to high paying jobs
usaar333 7y ago
Cash is not equivalent to stock. Stock has a higher expectation since you can invest unvested stock but not unvested cash. Hell, a stock offer is something like 30% more valuable than cash over 4 years, though obviously riskier. This is also why a lot of start-up offers actually blow away faang comp (way higher expected rate of return).. again at expectation.