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+1, it's ridiculous and misleading that Netflix is still being included in this list after all this time. Netflix is a TV company. Their tech is a commodity. A
by kdmccormick 5y ago
+1, it's ridiculous and misleading that Netflix is still being included in this list after all this time.
Netflix is a TV company. Their tech is a commodity. An important commodity, for sure, but it's not what makes them valuable. Their critical offering is their reach and programming.
FAAMG (or MAAAM now, I guess?) is a sane grouping of giant companies because their critical offerings and expertise areas are their software and their platforms. I think Google would be totally capable of reimplementing Netflix's streaming services if they needed to, but after years of trying they still haven't been able to fully match Amazon Web Services. That's the difference between Big Company and Big Tech Company. Similarly, it's why Tesla isn't on this list: they're huge and growing and they write software, but their software is just a means to an end, not a valuable platform in itself.
- hotpotamus 5y agoGoogle already has a streaming service but they do it on hard mode by allowing anyone to upload content to it.
- SavantIdiot 5y agoIs their tech a commodity? I knew one of the principals (who was hired away by Uber for an ungodly sum of money) who had spent years writing a lot of proprietary networking code. I don't think that IP is a commodity, is it?
- dodobirdlord 5y agoIt’s definitely not a commodity in the usual sense that anyone can just buy it. It requires a lot of custom software, and importantly it also requires a lot of negotiations with CDNs and a lot of datacenter buildout to get the requisite amount of points of presence to serve content economically. But it is a “commodity” in the sense that it’s just a thing that needs to be built to support their product offering, and which other similar companies with similar product offerings have built. Disney+ exists, Hulu exists, Amazon built Prime Video, Google has been operating YouTube for years. If you need to serve streaming video, it’s no longer a groundbreaking feat to be able to do it.
- jmknoll 5y ago+2, FAANG was coined by Jim Cramer to be a grouping of fast growing tech stocks almost 10 years ago, not a grouping of the largest and most important tech companies. Apple and Microsoft are both about 10x the market cap of Netflix.
- cstejerean 5y agoAnd around that time the Microsoft stock had beeen fairly flat for the previous decade. But the Microsoft of the 2010s isn’t the Microsoft of the 2000s stock wise. The stock has grown quite a lot as well since FAANG was coined.
- dougmwne 5y agoHave we all really been parroting Jim Cramer all these years? That's really quite sad.
- lotsofpulp 5y agoThe word fang is pretty catchy.
- ripper1138 5y agoWhy sad? He’s a smart guy and his show is great for lots of retail investors.
- hanley 5y agoI think you meant he's a TV personality and his show is great for entertainment.
- 8ytecoder 5y agoI second MAAAM - Meta, Apple, Alphabet, Amazon, Microsoft
- centur 5y agoThrow netflix back and make it MAMANA :D
- roca 5y agoMAGMA is my favourite string currently.
- nr2x 5y ago"Google would be totally capable of reimplementing Netflix's streaming services" Perhaps some sort of "Tube" that "You" could use to watch content, maybe with a subscription option?
- kdmccormick 5y agoHah, exactly.