4 ms·

I don't understand why Netflix is part of FAANG. We should take it out of the acronym.

• CydeWeys 4y ago
  This is why: https://www.levels.fyi/companies/netflix/salaries/software-engineer https://www.levels.fyi/companies/netflix/salaries/software-e...
  • andirk 4y ago
    It's only one product that does one thing: shows videos. It's huge and great but I still think we should replace it with AirBnb, which also has high salaries, in the acronym.
    • CydeWeys 4y ago
      The number of products produced by a given company has never been part of the definition of FANG. And the exact companies in the acronym don't really matter anymore anyway; the overall 'vibe' of it is simply top-tier tech companies, i.e. those that pay the most. Agreed that AirBnb should also qualify, but the exact companies that fit are fluid and it doesn't make sense to keep changing the acronym all the time as the constituent companies change, as the overall idea doesn't change. E.g. consider the Dow Jones index; the constituent companies have changed over time but the name of the index doesn't.
  • bumby 4y ago
    So FAANG is defined by nothing more than tech + high salary? Why wouldn't, say, a high paying fintech be included? I think the real answer is that those companies were all high growth/high cap stocks. The guy who originally coined the term (Jim Cramer) has dropped Netflix from the list because their capitalization hasn't kept pace. (He also changed the acronym when Facebook was changed to meta)
    • CydeWeys 4y ago
      It has a life of its own way beyond Jim Cramer these days (also Jim Cramer is pretty terrible at being a pundit overall). As for fintech companies, it's just a different field, with different norms, expectations, and overall pay structure. It's also a much smaller field in total.