14 ms·
You must be new to the industry
by tmccrary55 4y ago
You must be new to the industry
- sleepdreamy 4y agoI am! About a year in now.
- jamiek88 4y agoI did a genuine double take there. ‘No one complains about Microsoft being a behemoth’. Erm….what?
- tiahura 4y agoThere’s no M in FAAnG.
- jamiek88 4y agoI’ve always thought it should be faamg anyway!
- makeitdouble 4y agoOn that part, I never understood why people put Netflix in there, except for making it easier to pronounce. Netflix feels neither like a sheer evil corporation nor an abusive quasi monopoly, nor a giant in any specific way (why would we put Netflix in front of Disney for instance?)
- selcuka 4y agoIt's all about stock value [1]: > Overall, it is through strong financial performance such as this that the FAANG stocks have prospered recently. Over the past five years, for instance, Meta and Amazon have seen stock-price increases of 185% and 500%, respectively. For their part, Apple and Alphabet saw price increases of about 175% over that same timeframe, whereas Netflix saw its value rise by nearly 450%. [1] https://www.investopedia.com/terms/f/faang-stocks.asp https://www.investopedia.com/terms/f/faang-stocks.asp
- SgtBastard 4y agoFAANG was never about tech dominance (no Cisco, no Oracle, no Microsoft) but was about tech stocks experiencing a period of hyper growth at the time the acronym was coined. MS has been a mature, late stage dominant tech firm for decade.