4 ms·
The "I" in FAANG stands for IBM
by dvh 5y ago
The "I" in FAANG stands for IBM
- DevKoala 5y agoOne or two of those will be dropped in the next decade or two. It is how things go. In fact, Netflix is only there nowadays to avoid the acronym from becoming offensive.
- jhickok 5y agoAnd it doesn't include Microsoft for some reason. FANMAG always made more sense to me.
- theandrewbailey 5y agoSince Google is Alphabet, we can use FAAAM (or FAAAMN) instead.
- DevKoala 5y agoI like that one.
- zacherates 5y ago... because FAANG was about compensation and MS is not competitive (at least for mid-career hires). Take a look at levels 62 / 63 at MS vs. comparable roles at FAANGs: https://www.levels.fyi/?compare=Amazon,Google,Facebook,Microsoft&track=Software%20Engineer https://www.levels.fyi/?compare=Amazon,Google,Facebook,Micro...
- jhickok 5y agoI won't pretend to understand how these levels compare, but it looks on par with Apple, no? My understanding of FANG initially was that it was about tech stock performance and not compensation.
- ghaff 5y agoYes, Jim Cramer coined the term AFAIK. Though it did map reasonably well to comp, in part because tech workers usually had RSUs as a major part of their comp.
- odiroot 5y agoIBM should definitely have a place there. Netflix is the one that's not like the others.
- amelius 5y agoAnd where is the M for Microsoft? The acronym doesn't make much sense if you ask me.
- CardenB 5y agoThe acronym refers to pay, not tech. IBM doesn't match the pay of FAANG
- ghaff 5y agoIt's come to mean that but it was originally about stock--between which there was correlation.
- ternaryoperator 5y agoNope. It refers to the stocks of the companies. Nothing to do with pay[0] [0] https://www.investopedia.com/terms/f/faang-stocks.asp https://www.investopedia.com/terms/f/faang-stocks.asp