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Netflix pays like a Big Tech company, is valued like a Big Tech company and was part of FAANG. 10 years ago the streaming tech they had was fairly high tech, ev
by arthurjj 7mo ago
Netflix pays like a Big Tech company, is valued like a Big Tech company and was part of FAANG. 10 years ago the streaming tech they had was fairly high tech, even if it's now pretty standard. So they're considered Big Tech for historical reason
- raw_anon_1111 7mo agoThere was no world that Netflix should have been part of FANG (notice the missing A as original conceived by Cramer). At the time it was coined, Apple was already the most valuable company. But was left out as was Microsoft
- travisjungroth 7mo agoIt was the companies that were performing well in the stock market. Microsoft and Apple are much older and didn’t have the growth those did.
- est31 7mo agoThey also have their own global CDN, while Disney/HBO et al use various third party CDNs.
- jasonfarnon 7mo ago"Netflix pays like a Big Tech company, is valued like a Big Tech company and was part of FAANG." That would be circular. The author was trying to show how much smaller hollywood media companies are than big tech.