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Facebook has grown into a lot of the things. It probably deserves to be grouped with the others. I honestly thing FAANG became the acronym because these compani
by IggleSniggle 5y ago
Facebook has grown into a lot of the things. It probably deserves to be grouped with the others. I honestly thing FAANG became the acronym because these companies were making big waves simultaneously at one point, and the acronym is attractive.
There’s never been any good reason not to include Microsoft except that for a long time it was considered old and stodgy.
Netflix doesn’t make sense in terms of market cap, and it also doesn’t make sense in 2021 when it’s more a media company than a technology company. Don’t get me wrong, they totally nailed it on a ton of tech fronts, and deserve their technical accolades…it just looks strange next to the others.
Oh, thinking about Netflix, I just figured it out. It’s about SWE salaries, and not really related to much else.
…although if that’s it, then Amazon doesn’t really deserve it’s spot any more than Microsoft.
- saalweachter 5y agoNetflix is fairly comparable to Disney in terms of business model and market cap. Which isn't bad -- I assume Disney also has a number of highly-paid SWEs -- but for me the difference between FAAMG and Netflix is that (as far as I can tell) Netflix doesn't employee a giant pile of SWEs doing blue sky research / doomed projects only tangentially related to the core business.
- IggleSniggle 5y agoGreat comparison, Disney v Netflix. It’s actually remarkable to me how close to Disney that Netflix is, considering the considerable IP that Disney now owns and how otherwise comparable they are.
- erikpukinskis 5y agoI think it’s because Microsoft’s market cap was stagnant for the entirety of Ballmer’s tenure as CEO.