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I never understood why Netflix frequently gets mentioned in the same context as Apple, Google, and Amazon. I think I hear more about it than Microsoft on here.
by tolbish 6y ago
I never understood why Netflix frequently gets mentioned in the same context as Apple, Google, and Amazon. I think I hear more about it than Microsoft on here. Can anyone explain this to me? Surely they aren't the only newish company that tries to employ smart people by paying well.
- api 6y agoThey have a more active social campaign or are including HN in that campaign? Very little on social media is organic if it pertains to a large corporation.
- lordnacho 6y agoFor employment purposes it's because they pay in the same league. There aren't that many companies that are both recognizable names and high paying with more than a few dozen engineering jobs.
- deleted 6y ago[deleted]
- minhazm 6y agoProbably because of FANG association. FANG = Facebook, Amazon, Netflix, Google
- tolbish 6y agoI find it strange that Netflix is associated with them considering the breadth of subdivisions and acquisitions that Google, Facebook, and Amazon have.
- icelancer 6y agoNetflix pays exceptionally well, even in that group of companies.
- fotta 6y agoFANG was originally a Jim Cramer thing [0, 1] about very high-growth tech stocks that somehow evolved into being about the big, high paying tech companies. The original didn't even have Apple but people started using FAANG to include it. [0] https://www.cnbc.com/id/100436754 https://www.cnbc.com/id/100436754 [1] https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp
- woobar 6y agoFun fact: if you have listened to Cramer and invested $10K in each of these stocks on 02/06/2013 you would be at $441K right now (+1011%)
- dekhn 6y agoIt's really FAAMG.
- LordAtlas 6y agoIsn't there another "A" in there for "Apple"?
- jimbokun 6y agoAnd the acronym is less pleasant if you leave out the "N".
- duxup 6y agoNetflix's development scale seems to be legitimately massive considering their reach across platforms, scale, customers and etc.
- iMuzz 6y agoIt's probably because they are a 200B+ company
- asdff 6y agoWhile high, nearly an order of magnitude lower than all the others in FAANG. Microsoft is a 1.5T+ company yet remains excluded. Imo, FAANG means 'sexy millenial tech company with a gigantic retail investment interest' moreso than anything about the size and significance of the actual companies.
- lotsofpulp 6y agoNowadays, FAANG includes Microsoft, it's just the M doesn't fit into the acronym as nicely. As far as I understand, it's a high profit margin, high paying, high growth business with the ability to scale at extremely low marginal costs and collect lots of rent, hence lots of upside.
- nipponese 6y agoVery likely Netflix is in your investment portfolio, even if you've handed control over to a mutual fund.
- kilbuz 6y agoWhen Cramer coined the FAANG acronym, Netflix was included. That group of companies was grouped together by investors due to their performance and marked dominance at the time, which has by and large continued. In addition to their stock price, these companies also pay very well. In fact, if you are lucky to get an offer from Netflix, their aim is to pay you and keep you at "top of personal market". That is, they do not believe anyone will pay you more in total comp. Netflix does mostly, if not all, base salary as opposed to equity grants. From all my friend in FAANG, this has seemed to be true, Netflix employees make more than anyone else I know in tech.
- aaronblohowiak 6y agoYou can choose how much of your comp to take in equity, if you work in countries where that is allowed (most of them.) We pay enough that your compensation is not a reason you want to leave (or stay — we don’t pay more than the best you could possibly get elsewhere.) because our philosophy on compensation is such, it has a few ripple effects - there aren’t limited budgets for raises, instead we ask for each person did the market move for your role, or did you substantially change roles? This avoids the common shenanigans / pitfalls of comp elsewhere. I personally believe that our early move to the cloud, early adoption of micro services and our open source contributions also help our “tech brand”. It’s the best place I have worked.
- C1sc0cat 6y agoYou mean Netflix here that's interesting and more tax efficient. How is this structured in the UK where US companies have difficulty offering tax efficient employee share schemes. Not looking for a Search Director are you :-) my senior band 7-6 opportunity with the uk civl service seems to have disappeared with covid.
- randomfitnessq 6y agoPlus, FAAG may not be the best acronym.
- devmunchies 6y ago
- deleted 6y ago[deleted]