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When FAANG was created, Netflix was the highest gainer in the S&P 500. FAANG was the highest growth stocks that year, and nothing more.
by jedberg 3y ago
When FAANG was created, Netflix was the highest gainer in the S&P 500. FAANG was the highest growth stocks that year, and nothing more.
- iwontberude 3y agoAlso Netflix had greater ambitions back then which would be proven to be a red herring when they first spun out Roku and secondly focused on becoming “HBO before HBO can become us”. Reed probably didn’t have the chops for it, but one can imagine what Netflix could have actually become if it tried to build platforms.