4 ms·
What I will never understand is how harmless old Netflix found its way into an acronym for the big beasts of tech. Not even Microsoft gets that privilege (for s
by moreira 5y ago
What I will never understand is how harmless old Netflix found its way into an acronym for the big beasts of tech. Not even Microsoft gets that privilege (for some reason).
- brobinson 5y ago$600,000/year compensation for programmers
- sgt 5y agoIs this for real? I thought $400k was sort the max for regular high end engineers.
- rco8786 5y agoEasily over a million for high end/staff eng at FAANG/ish companies.
- mdm12 5y agoOh, it's for real alright: https://www.levels.fyi/company/Netflix/salaries/Software-Engineer/Senior-Software-Engineer/ https://www.levels.fyi/company/Netflix/salaries/Software-Eng...
- rokob 5y agoYou have to consider total comp and then factor in that Netflix only pays cash but competes against the others. So you can get 600k at Meta via cash+equity+bonus you get the same all in salary and bonus from Netflix.
- phpnode 5y agoI think it's literally just that they pay well
- xen0 5y agoThe acronym wasn't so much about 'the Big Tech' companies, more about 'Innovative tech companies that dominate, or are poised to dominate, their market'. Also remember that the landscape has changed since the initial FANG acronym came into existence.
- ghaff 5y agoIt was specifically a Jim Cramer-coined term for companies whose stock was hot at the time--which correlated somewhat loosely with both comp and dominance. Netflix is somewhat of an outlier in various respects and arguably Microsoft should probably be on the list today--even if the WA-headquartered companies tend to pay less than the CA-based ones.
- btheshoe 5y agoI've heard it as MAGMA recently