4 ms·
> make the Netflix brand exciting and legitimate to engineers As a serious question, why do people include Netflix in the acronym FAANG, which I see on HN all
by kens 5y ago
> make the Netflix brand exciting and legitimate to engineers
As a serious question, why do people include Netflix in the acronym FAANG, which I see on HN all the time? Is there something special about Netflix? Netflix is around the #14 tech company, so it's strange to see Netflix in there instead of Microsoft. Or is the use of FAANG divorced from its literal meaning?
- ffggvv 5y agoit was a originally just FANG with one A. and it was just partially coined because it’s a catchy term. it’s also pretty dated at this point. and if you took the N out it would not be appropriate
- deleted 5y ago[deleted]
- derangedHorse 5y agoIt's probably included because of the sky-high salaries they offer since FAANG is typically an acronym used to refer to top software companies to work for. From what I've heard from friends, Microsoft typically pays the least out of all the companies that make up the acronym and their technologies are also seen as less trendy than the other companies listed.
- square_usual 5y agoThat's why Microsoft isn't in the acronym!
- ma2rten 5y agoThat is not the origin of the term. It was coined by Jim Cramer for fast growing stocks.
- koolba 5y agoAnd before that he had his “four horsemen”: https://www.barrons.com/articles/BL-TB-5933 https://www.barrons.com/articles/BL-TB-5933 (Note this article is from Jan of 2008): > In today's trading, all four stocks are down steeply: Apple: Down $26.65, or 17.1%, to $128.99. Amazon: Down $7.56, or 9.6%, to $70.92. Google: Down $48.15, or 8.2%, to $536.20. Research In Motion: Down $8.47, or 9.4%, to $81.61. Even writing off RIMM to zero would give you a healthy return through 2021.
- iseanstevens 5y agoIs that accounting for splits? Apple (for example) has split 28:1 since that time, making the equivalent price today around 4K/share.
- jannes 5y agoHe was quoting the article, but he messed up the formatting so it’s not very obvious that “today” refers to 13 years ago.
- saurik 5y agoI had always heard Apple as the outlier for low salaries, not Microsoft. https://medium.com/@paysa/tech-salaries-who-pays-more-microsoft-or-apple-301501d35c43 https://medium.com/@paysa/tech-salaries-who-pays-more-micros...
- sand500 5y agoMS pays less than Amazon?
- amelius 5y agoHow can Microsoft be less trendy if they publish way more research?
- lacker 5y agoBecause FAANG is a cool, somewhat-evil sounding word, and GAFAM is a boring nothing.
- loeg 5y agoNetflix pays really well.
- markzzerella 5y agoNetflix uses(used?) double digit percentages of all internet bandwidth. That's a big player by any metric.
- EnderWT 5y agoJim Cramer and Bob Lang coined FANG back in 2013 based on this criteria: "Put money to work in the companies that represent the future," he said. "Put money to work in companies that are totally dominant in their markets, and put money to work in stocks that have serious momentum." https://www.cnbc.com/id/100436754 https://www.cnbc.com/id/100436754
- moltenguardian 5y agoUp until the beginning of 2020, NFLX was the highest growing stock of the decade. (Dethroned by TSLA) In terms of percentage growth I believe it still outperforms every other component of FAANG.