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Ask HN: Meta Question Does FAANG Become Maang or Manga?

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Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#41

Post by usui »

electroly wrote: post #33
usui wrote: post #23

Earlier quoted context omitted.

Welcome to the opinion zone. You mention market caps, but I don't think that is really the reason why certain companies enter the mindshare of people. I think the reason that Netflix became a part of the acronym is because, like its counterparts, all of them are leaders in a big space that others have a hard time competing with, with products that seem innovative (also explains why the giants of FinTech don't have mu…

Honestly I always assumed Netflix was added because "fang" sounds nice and apropos, but if you remove the N then it's a very different word that's not nice at all.

But there's a million acronyms that could be made by popping some good tech companies in and pushing out less nice-looking initials out. Why did FAANG catch on and not GAMMA, SLAAP, STINT, etc.?

I think it's partially your reason, partially something else.

Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#42

Post by jpgvm »

hihihihi1234 wrote: post #34
ijlx wrote: post #20

Earlier quoted context omitted.

The M is Meta - Microsoft isn't in FAANG

Tangential: why not? Microsoft is a huge, enormously influential tech company that everyone has heard of, with a revenue of $160 billion (more than 10x that of Netflix) and nearly 200,000 employees (more than any FAANG except Amazon, if Wikipedia is to be believed.) Why isn't it included in the standard list of prominent tech companies?

Due to the history of the term (originating in financial markets) Microsoft was considered to be in decline/not appreciating in value as quickly as FAANG and was thus excluded. I would say these days it belongs there much more than say NFLX especially considering NFLX having nestled into a content creation/media company rather than a primarily tech play that was purchasing content.

Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#44

Post by mjirv »

tmp_anon_22 wrote: post #30
biscottigelato wrote: post #26

I have no idea why FAANG is still a thing. Of the trillion dollars companies, Meta/FB is no longer one of them. Netflix no idea how they even got part of the league. Should be ATAMA - Apple, Tesla, Amazon, Microsoft, Alphabet. But really, it will be BTS - Bitcoin, Tesla and SpaceX. The $10T club.

Netflix has a reputation for providing high up front compensation packages instead of equity and other compensation models. For this reason it gets lumped into the larger technology companies with vastly higher head counts. FANNG is largely a descriptor of compensation levels.

I've always thought that comp at Microsoft is similar to Amazon (i.e. slightly lower than F/Apple/N/G). Am I wrong?

Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#47

Post by na85 »

ALittleLight wrote: post #22
pedalpete wrote: post #13

MAGMA (Microsoft, Apple, Google, Meta, Amazon). I've never understood why Netflix was equated with the bigger companies. It's market cap is $300B the others (excluding Facebook) are all above $1T, and Facebook/Meta has a chance of breaking the $1T in the next year.

Why is Facebook "meta" but Google isn't "Alphabet"?

They're both awful attempts at rebranding, it's true.

Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#48

Post by usui »

jpgvm wrote: post #42
hihihihi1234 wrote: post #34

Earlier quoted context omitted.

Tangential: why not? Microsoft is a huge, enormously influential tech company that everyone has heard of, with a revenue of $160 billion (more than 10x that of Netflix) and nearly 200,000 employees (more than any FAANG except Amazon, if Wikipedia is to be believed.) Why isn't it included in the standard list of prominent tech companies?

Due to the history of the term (originating in financial markets) Microsoft was considered to be in decline/not appreciating in value as quickly as FAANG and was thus excluded. I would say these days it belongs there much more than say NFLX especially considering NFLX having nestled into a content creation/media company rather than a primarily tech play that was purchasing content.

I feel like the last bit isn't exactly right. Their compensation is still more competitive compared to Microsoft. On the tech side, they are also innovating as a breakout new producer compared to the incumbents.

Re: Ask HN: Meta Question Does FAANG Become Maang or Manga?

#50

Post by bin_bash »

usui wrote: post #48
jpgvm wrote: post #42

Earlier quoted context omitted.

Due to the history of the term (originating in financial markets) Microsoft was considered to be in decline/not appreciating in value as quickly as FAANG and was thus excluded. I would say these days it belongs there much more than say NFLX especially considering NFLX having nestled into a content creation/media company rather than a primarily tech play that was purchasing content.

I feel like the last bit isn't exactly right. Their compensation is still more competitive compared to Microsoft. On the tech side, they are also innovating as a breakout new producer compared to the incumbents.

The term was coined by Jim Cramer who really doesn’t care about compensation or tech innovation
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