4 ms·
This is really a crazy take. 1. During the time in question , Microsoft was by far the dominant tech company, Apple was just coming out of being “beleaguered”
by scarface74 4y ago
This is really a crazy take.
1. During the time in question , Microsoft was by far the dominant tech company, Apple was just coming out of being “beleaguered” and the iPod was just becoming popular. Facebook didn’t exist, Amazon was thought to be a money losing company months away from bankruptcy, Netflix (which shouldn’t have ever been considered BigTech) was worried about being crushed by Blockbuster, and Google was far from dominant.
2. The original acronym coined by Cramer was “FANG” and left out Apple completely
3. By todays standards, when people talk about FAANG they mean BigTech - Microsoft has been one of the top 5 most valuable companies since 2000. As of right now, Netflix ranks 115 in the F500.
- contextfree 4y agoGood post. My simple take is that the FA(A)NG acronym just never made any sense at any time, never understood how some random nonsense coined by Jim Cramer got taken up by so many people who should know better.
- detourdog 4y agoI remember FANG representing pure internet companies which why Apple and Microsoft were left out. FANG represented the 4 no brainers of internet services. I guess it was a way to differentiate between the first internet bust hype and the internet companies with that are really working.
- dhosek 4y agoAnd in the top post comment about the layoffs, we’re reminded that Apple once again doesn’t fit in since they didn’t have a big round of layoffs like the rest of big tech, having largely avoided the overhiring that the others engaged in.