4 ms·
I think a lot of people don't consider FAANG serious business, profitable yes, but you aren't putting food on tables (other than the shareholders)
by catmanjan 5y ago
I think a lot of people don't consider FAANG serious business, profitable yes, but you aren't putting food on tables (other than the shareholders)
- after_care 5y agoI don't know anyone that isn't taking Amazon or Apple seriously now. Lots of people don't take Meta or Alphabet seriously, but still buy or click online advertisements.
- catmanjan 5y agoI'd say Amazon is the most "serious" of them, but only the import/export side of the business. Apple basically just sells boutique whitegoods. If any of these companies ceased to exist, it wouldn't inconvenience anyone other the shareholders.
- sdenton4 5y agoWell, one could imagine some small inconvenience if Gmail disappeared...
- dageshi 5y agoSeems like your definition of "serious business" probably amounts to about 10% of the overall economy at this point? It doesn't seem very relevant or useful.
- catmanjan 5y agoHow does that reflect on the usefulness of the economy
- kooshball 5y agocongrats on having the worst hn take of the year
- catmanjan 5y agoHard pill to swallow, I know
- rascul 5y ago> you aren't putting food on tables (other than the shareholders) And the employees.
- hansel_der 5y ago> I think a lot of people don't consider FAANG serious business true, hn'ers obviously excluded :) > but you aren't putting food on tables i tend to agree, but then again, most "value" is created by businesses that revolve around unnecessary things.