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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 compan

by 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.