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this post was submitted on 19 Oct 2023
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When did netflix become a FAANG company? What do they have that is so valuable? To me it seems like they don't develop any particularly incredible tech besides streaming and storage
I mean FAANG stands for Facebook, Apple, Amazon, Netflix, and Google. So they've always been one.
I know that the N stands for netflix, but like, why did people considered it important enough to be in the name? It sounds to me like microsoft deserved that spot
That's a good point. I'm not sure why Microsoft doesn't get a spot there. I think when the acronym was made these were the tech stocks that were growing like there's no tomorrow, whereas Microsoft just always has steady growth, and isn't as sexy.
Nah they bumped Netscape out
Netscape must've stuck around much longer than I imagined lol