Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers::undefined

  • egeres@lemmy.world
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    11 months ago

    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

    • somethingp@lemmy.world
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      11 months ago

      I mean FAANG stands for Facebook, Apple, Amazon, Netflix, and Google. So they’ve always been one.

      • egeres@lemmy.world
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        11 months ago

        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

        • somethingp@lemmy.world
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          11 months ago

          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.

      • egeres@lemmy.world
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        11 months ago

        I know that, but why not microsoft?

        It’s not like I want to endorse them, but to me it seems like they deserved the spot (?) I don’t know, back then satya hadn’t taken the seat (he was CEO in 2014) and microsoft still was a bit crusty and not so close to open source

      • CmdrShepard@lemmy.one
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        11 months ago

        I’ll bet they didn’t want to create the acronym without the N so they just found a fifth company to throw in there.

    • dlrht@lemm.ee
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      11 months ago

      They don’t develop any particularly incredible tech aside from the one their whole product is based around and enabled them to be an industry leader 🙈

      • egeres@lemmy.world
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        11 months ago

        Yeah but, it’s just one product, the rest of FAANG have multiple gooses that lay down golden eggs