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FANNG is a completely arbitrary phrase. What about Microsoft? Why Netflix and not Hulu, HBO, Disney? What about Uber, Lyft, AirBnB, and so on? Twitter?
by Apocryphon 5y ago
FANNG is a completely arbitrary phrase. What about Microsoft? Why Netflix and not Hulu, HBO, Disney? What about Uber, Lyft, AirBnB, and so on? Twitter?
- rockbruno 5y agoIt's definitely an outdated term. Nowadays I personally use FAANG as an alias to "tech company in which employment is synonymous with status in the tech community"
- willis936 5y agoI would suggest "Fortune 500 Technology sector" but that captures a lot of companies that don't have an emphasis on software.
- aaomidi 5y agoEffectively Yes. I felt like I don't really need to clarify that this includes more than what the literal FAANG is to this audience haha.
- Apocryphon 5y agoBut using it in such a sense lacks clarity. Would it better to say any "non-startup tech company"?
- gumby 5y agoIt’s just a fun synecdoche. Netflix was included to make the acronym fun. It’s like when some people say “Silicon Valley” when they mean San Francisco or vice versa: from a distance they look like the same thing.
- selcuka 5y ago> MANAMANA incorporates eight consumer technology companies ranging from $300 billion in market capitalization (Netflix) up to $2.5 trillion (Microsoft). [1] [1] https://www.fool.com/investing/2021/11/05/faang-is-dead-long-live-manamana/ https://www.fool.com/investing/2021/11/05/faang-is-dead-long...