The FAANG acronym was the worst thing to happen to tech, because people will flock to Amazon to say “I worked for FAANG”. Prestige is a powerful thing to some, and they’ll deal with some insane shit for the clout that comes from being here.
The problem is that the clout boost is real. I never worked for a FAANG/MANGA company, but just having one relatively well-known company on my resume opened up options I never would have had. All my interviewers would mention it, even though it was almost 20 years ago.
dan@upvote.au 1 year ago
“FAANG” is interesting because it was initially only used to represent high-growth stocks that were leaders in their respective fields. It was originally just “FANG” - Apple was added later.
At some point, it changed to mean the best tech companies to work at. I’m not sure I agree with the list, though. I’d swap Netflix for Microsoft (TC is lower but it’s a more prestigious company and work-life balance is better), and I’d swap Amazon for another company. Not sure. TSMC, Nvidia, or AMD maybe?
phoneymouse@lemmy.world 1 year ago
It’s funny that Apple was added later given that it is the most valuable company… it’s seen the highest stock growth of any company on earth.
dan@upvote.au 1 year ago
Their stock wasn’t growing a lot a decade ago when the FANG term was coined.