6 ms·
FAANG is dead. Long live MANAMA! (Microsoft, Apple, Netflix, Alphabet, Meta, Amazon) Silly, I know but I’ve always wondered why Microsoft was left out of the o
by neilo40 5y ago
FAANG is dead. Long live MANAMA! (Microsoft, Apple, Netflix, Alphabet, Meta, Amazon)
Silly, I know but I’ve always wondered why Microsoft was left out of the original 5
- 2OEH8eoCRo0 5y agoI call the big 4 antitrust cartel the FAAG (Facebook, Apple, Amazon, Google) because I'm childish.
- serverholic 5y agoI've made a similar joke that the N in FAANG really holds the whole thing together.
- asiachick 5y agoThey call it GAFA on Japanese news https://www.youtube.com/watch?v=gU6QVlPq4gA https://www.youtube.com/watch?v=gU6QVlPq4gA
- vore 5y agoDon't throw around slurs like that.
- 2OEH8eoCRo0 5y agoDon't tell me what to do. I try to assume good intentions. The word you're referring to has multiple meanings.
- vore 5y agoThis is the least good intentioned response you could have made.
- detaro 5y agoBecause FAANG was a stock market term for "hot tech stocks", and Microsoft was old and not-hot at the time.
- redisman 5y agoIt also meant highest paying companies at one point in the engineer market which is also why it got popular. MS isn’t at the top on that metric
- deleted 5y ago[deleted]
- swebs 5y agoAlso MS has a reputation of being a horrible place to work for: https://blog.zorinaq.com/i-contribute-to-the-windows-kernel-we-are-slower-than-other-oper/ https://blog.zorinaq.com/i-contribute-to-the-windows-kernel-...
- jstx1 5y agoYou can find these anecdotes for every one of these companies. My perception is that Amazon has the worst reputation but I haven't done any market research or worked at any of them.
- swebs 5y agoYes, but bad in different ways. Amazon's reputation is that they overwork you and people only stay until their "golden handcuffs" vest. But their code quality and tooling is seen as excellent.
- dboreham 5y agoJim Cramer invents these acronyms
- BbzzbB 5y agoI similarly don't understand why Netflix is included. Well, I do, but I don't understand why "we" didn't change Cramer's acronym to FAAMG long ago, IMO Netflix does not belong with these names neither in it's size, it's role in tech or it's cash flow. Arguably Nvidia would be a more fitting N, but it's cash flow is not in the same league either.
- mgraczyk 5y agoMy understanding is that this acronym is partially based on the perceptions employees have about the compensation and perks given out by big tech companies. Historically, Microsoft didn't pay as well.
- bradleyjg 5y agoOn the other hand Netflix always had a much smaller rate of hiring than the others. If it was just about high pay Renaissance Technologies could have been included. It is best understood as high pay and large numbers of hires. In that view Netflix looks like a mistaken inclusion.
- random314 5y agoJim Cramer coined the term to identify hot stocks. The term was coopted by big tech employees.
- BbzzbB 5y agoI hear that thrown around, but while it may be accurate, it sounds like retconning as Jim Cramer came up with the term, and I can assure you Jim Cramer does not give a damn about developer salaries. It was about fast growing tech stocks, not software engineers. Even that goofball is now calling for FAAMG[0] (well, MAMAA) while (some) devs want to cling on to FAANG. Bit funny how Facebook's name change was apparently the trigger for him. [0] https://www.cnbc.com/2021/10/29/cramer-new-acronym-to-replace-faang-after-facebook-name-change-to-meta.html https://www.cnbc.com/2021/10/29/cramer-new-acronym-to-replac...
- daxfohl 5y ago
- randomdata 5y ago> MANAMA Doo doo do do do.
- coolspot 5y agoThis one - https://youtu.be/44NQkFJaEuE https://youtu.be/44NQkFJaEuE
- afterburner 5y agoJust add Nvidia, Adobe
- cromka 5y ago> Doo doo do do do. MANAMA
- theonemind 5y agoIn the big picture, on a very long time horizon, they seemed on a trajectory of irrelevance through the Ballmer era, up until Satya became CEO. (That doesn't even necessarily preclude record profits under Ballmer, but a hide-bound inability to adapt to changing market fundamentals.) PG tried calling it in 2007: http://www.paulgraham.com/microsoft.html http://www.paulgraham.com/microsoft.html They really changed when Satya Nadella came in, however. (Not to romanticize. Big tech has a smarmy evil these days. Ballmer just wanted to sell Windows and Office like products to big enterprises. It was less disturbing than donning their sith robes and joining the rest of big tech in trying to posses our incorporeal souls through massive amounts of data and 'nudges'.)
- itronitron 5y ago>> trying to posses our incorporeal souls... I think this is driven by an addiction of big tech to being 'relevant' and engagement is the metric that gives them that sweet hit of relevancy. Heaven forbid they just turn out a useful product for a reasonable profit.
- nolok 5y agoWhich is unfair and short sighted, given that Ballmer is the guy who turned it from the windows shop to a company where windows is just one of 3 growing massive sections (plus a few smaller ones), with windows not even being the first one anymore.
- rootusrootus 5y agoIIRC, Ballmer actually started many of the things that we saw happening early in Satya's tenure. So he deserves at least some credit for seeing the writing on the wall and trying to adapt to it. Perhaps he also figured that in order for the transformation to really happen he had to not be the one trying to lead it.
- devoutsalsa 5y agoBallmer also took charge right after the dotcom bust. Even though the stock tanked from ludicrous highs, revenue steadily grew under his tenure. I can’t speak to how company longevity performed under his reign.
- deleted 5y ago[deleted]
- dhosek 5y agoMANAMA? do doo di do do
- it_does_follow 5y ago> wondered why Microsoft was left out of the original 5 Same reason Cornell is typically left out of conversations about Ivy league schools. It's just not that prestigious. Seeing MS on a resume is not as impressive as the others, and that's also reflected pretty clearly in the comp. It's not nearly as competitive to get a job at MS. The stock performance over the past decade has been pretty meh compared to the others.
- bradleyjg 5y ago> The stock performance over the past decade has been pretty meh compared to the others. MSFT’s ten year total return (1482%) is better than AAPL’s (1256%) or GOOG’s (815%), but not as good as AMZN’s (1629%) or NFLX’s (6250%). FB hadn’t IPOed yet ten years ago. This is per a site called finbox.
- lotsofpulp 5y agoPer this website, AAPL has a 32.79% annualized return, and MSFT has a 31.84% annualized return over the past 10 years, dividends reinvested. https://dqydj.com/stock-return-calculator/ https://dqydj.com/stock-return-calculator/
- bradleyjg 5y agoThanks. Don’t care enough to do a deep dive but it seems like at least MSFT is in the pack.
- eggy 5y agoHow is Cornell Tech's campus doing at Roosevelt Island, NYC? Microsoft has some really cool stuff going on aside from .NET Core. Simon Peyton Jones has been there since the late 90s working on Haskell. Some notable ones for me: F#, F*, Z3 (SMT solver), C# and its ubiquity in products like Unity, WSL2, VS Code, etc... What's up with Hololens 2? Any uptake? I would like to make a short video of the ultimate PC vs. Mac parody with two armies facing each other with one wearing the stylish MR glasses coming from Apple vs. the more typical-looking HMD Hololens for nostalgia's sake. I have been in computing for a long time, and all of my jobs have been on PCs with Windows other than the weird Banyan Vines, VMS, Irix, and QNX systems I have worked with over the years. All my graphic artist friends had Apple products. I have had one job where I used Quickbooks on an old Apple Macintosh (1994), but not much else with it. I did put a deposit on a NeXT machine, but that fell through! I have had a computer since 1977, a Commodore PET 2001 followed by a Vic-20. A Toshiba dual-floppy laptop that probably wouldn't fit under the seat in front in Economy Class seating. My first Apple was a Power Macintosh in 1995/96 (I think the 7200) on which I loaded Minix or some Minix derivative at a later date, a pen-based NCR 3125. Amazingly slim for the time, and I updated the drive in it a year or two later. My first real micro-electronics project. The Newton came out around the same time. The NCR 3125 was a 386 running PenOS that I eventually put Windows with pen support on. Various PCs I built (a RAID 0, Dual-Athlon anyone?) in the early 2000s running Blender3D. I donated $50 to support Ton's efforts to take it open source back then. And so on...Microsoft has always had the tech, but not the marketing or style of Apple. I currently use a Windows 10 gaming laptop, an old Lenovo running Kali, a 2011 iMac (1TB HD! 16 or 32 GB of RAM - I have to look). I just want tools I can use. The only computer/OS I was evangelical about was mh Amiga 1000 and 500!
- afterburner 5y agoI like MANAMANA (doo doooo, doodoo doo!) Microsoft, Apple, Netflix, Alphabet, Meta, Amazon, Nvidia, Adobe
- mixedCase 5y agoNvidia isn't as software-focused as the others. Adobe is popularly known to be a software shitshow internally, whether that's true or not although by the stability and age of their products I'm inclined to believe they are. Maybe I'm misguided, but what I believe made FAANG a thing is a strong software-focused culture that maintained a level of quality and innovation that usually gets lost at that scale, as was the case with Microsoft and things like IBM.
- didibus 5y agoAdobe's stock did grow 200% during the Pandemic.
- webwielder2 5y agoEveryone's stock did that during the pandemic.
- didibus 5y agoAny other relatively well established tech company that's not in MANAMA ?
- ksec 5y agoI don't know about Netflix, but I definitely agree Nvidia should be in, coming at 800B market cap.
- julienfr112 5y agoAdobe ? Why not Borland ?
- 5y ago
- jakswa 5y agoI don't include microsoft so I can say they're "working for the MAAAN."
- Cyph0n 5y agoManama is the capital of Bahrain :) I prefer MANAAM, which is derived from the word “sleep” in Arabic.
- hinkley 5y agoThe new challengers need to name themselves all D and O names. Do doo do doo
- pkdpic 5y agoTotally agree on the Microsoft point, although another poster pointed out that from an investment perspective faang may have referred to high roi companies so maybe microsoft was too well established? Not my are of expertise. In any case Im going to throw NAMMA out there too because I can say it easier and it leaves room for infinite M companies :)
- robbedpeter 5y agoMicrosoft, Apple, Netflix, Alphabet, Meta, Amazon, North America: https://youtu.be/8N_tupPBtWQ https://youtu.be/8N_tupPBtWQ
- fouc 5y agoMMNAAA! Pronounced like you’re saying “Hmm, nah.”