FAANG was originally about hot stocks. Jim Cramer coined it. And then, in tech circles, it became mostly about compensation--which had some correlation but imperfectly.
Today, especially with Netflix being less unique technically (they did a lot of early out-of-the-box stuff like going all in on AWS and microservices), they're pretty much an outlier from the other companies although as far as I know they still pay very well. As they become more of a studio they'll become even more of an outlier.
Microsoft certainly has more in common with the others, but their stock (as well as the company generally) was out of favor when Cramer coined the term.
Yes, I am aware of the history, which is why I specified the "purpose" of the poll.
A poll about FAANG with netflix and excluding microsoft seems simply like a poll about a group of companies that a tv show host made a catchy acronym about, rather than a poll about which of the big tech companies today is likely to decline or not.
> in October 2021, Cramer suggested replacing FAANG with MAMAA; this included replacing Netflix with Microsoft among the five companies represented as Netflix's valuation had not kept up with the other companies included in his acronym; with Microsoft, these new five companies had market caps of at least $900 billion compared to Netflix's $310 billion at the time of Meta's rebranding.
They're (relatively speaking) tiny. About 12,000 employees. That's in the ballpark of 10% the size of Microsoft and Alphabet, 20% the size of Facebook. That's about the same number of employees as you'll find at a lot of tech companies you'd consider medium-sized at most.
Today, especially with Netflix being less unique technically (they did a lot of early out-of-the-box stuff like going all in on AWS and microservices), they're pretty much an outlier from the other companies although as far as I know they still pay very well. As they become more of a studio they'll become even more of an outlier.
Microsoft certainly has more in common with the others, but their stock (as well as the company generally) was out of favor when Cramer coined the term.