Re:The bottom is dropping out of Netflix
by scarface74 on Friday April 22, 2022 @07:10PM
(#31129379)
Netflix was never a “Big Tech stock”. It’s revenue was nothing compared to the Microsofts, Apples, Amazon’s and Google’s of the world.
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Re:The bottom is dropping out of Netflix
by Silhouette on Friday April 22, 2022 @07:19PM
(#31129453)
It's literally the N in FAANG, a term that came from the investment world and referred to (at the time) the five tech stocks that had the most impressive performance.
Re:The bottom is dropping out of Netflix
by scarface74 on Friday April 22, 2022 @07:30PM
(#31129552)
It was treated that way by one commentator on MSNBC.
But let’s not forget that the original term was FANG and didn’t include Apple - the most valuable tech company or Microsoft that has been in the top 5 since 2000.
Netflix is around #50 in the most valuable companies - it at least it was.
Re:The bottom is dropping out of Netflix
by TedDoesntTalk on Friday April 22, 2022 @07:45PM
(#31129686)
On one hand, their product is not tech… it’s media. On the other hand, they’ve invented some of the best tech and have some of the best engineers.
Re:The bottom is dropping out of Netflix
by scarface74 on Friday April 22, 2022 @07:53PM
(#31129753)
Their streaming tech is a commodity. Any media company can throw money at someone like BamTech (now owned by Disney) and spin up streaming infrastructure.
Re:The bottom is dropping out of Netflix
by TedDoesntTalk on Friday April 22, 2022 @08:20PM
(#31129945)
I did not know that. Certainly wasn’t true in the past. Glad to hear it’s democratized!