2 ms·
FAANG was never about big tech it was about companies that experienced tremendous stock growth 100-300% in a short time. Then people co opted the term to mean
by azemetre 4y ago
FAANG was never about big tech it was about companies that experienced tremendous stock growth 100-300% in a short time.
Then people co opted the term to mean companies that paid well (wow the company with high stock growth pays more).
In regards to this Netflix was absolutely innovative in regards to engineering. They literally wrote the book on chaos practices. They also pay extremely high base salary ($400-600k).
Microsoft never paid well in regards to its peers.
- whimsicalism 4y ago> Microsoft never paid well in regards to its peers. Their subsidiary, Linkedin, beats most of Microsoft's peers.
- azemetre 4y agoThat’s fair, I’ve also heard GitHub also gives higher stock grants than MS.
- scarface74 4y agoAlso remember the original acronym was FANG and left out Apple even though it was growing by leaps and bounds at the time.