Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers
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Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers::undefined
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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
Well they pretty much single-handedly started the whole streaming on demand service for movies and series and rapidly grew accordingly. This success even allowed them to get into the production side of the movie and series industry. They also destroyed the DVD market and stagnated the Blueray market on their own.
Now they face more and more competitions after the other companies saw that there's a lot of money in this. The lose of that monopoly of course impacts their success and they seem to struggle with it. But they still are a giant in that market segment. So it's not surprising that they still are counted as a FAANG company.
they never struggled. The just cannot adhere to the "eternal growth" which is different than "struggle". They were making millions. The "problem" was that they wanted each quarter to make more millions that the previous quarter. CEOs believe that there is an infinite amount of potential subscribers or even if they manage to make everyone on earth subscribe then they will eternally increase their prices every quarter. Or I don't know, maybe their system has some flaws
I get that at the time, but even back then Netflix didn't have that much valuation compared with the top of the tech companies. Sure, they are very relevant even with the rise in streaming platforms, but as far as I know they only have 1 good product, no hardware or other diversification. I don't really align ideologically with the following companies, but Nvidia, Tesla, Adobe or Microsoft could have taken that spot, they much more valuation according to https://companiesmarketcap.com/, and as I see it, they do more technological innovation
I feel like people just sticked with FAANG because it's kinda catchy, but I think if you take into account world impact/tech development/valuation/size I don't think it makes much sense that Netflix is there
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 🙈
Yeah but, it's just one product, the rest of FAANG have multiple gooses that lay down golden eggs
Except Netflix uses AWS. Which makes it Amazon's achievement.
Literally all Netflix did was get streaming rights before streaming was mainstream, grow because of it, have everyone drive off into the sunset with said rights and make it all shittier.
All Netflix offers these days is 2 season shows that end on a cliffhanger, concerning controversies that make the industry worse as a whole, and Sony movies because Sony doesn't have their own streaming service for some reason.
Most of the internet uses AWS. Facebook uses AWS. Apple uses AWS. Should they not be a FAANGs then? What are you even getting at? Let's not act like Netflix has no engineers and that it's actually all completely Amazon's engineering work. Like if you're seriously insinuating Netflix doesn't have any technical achievements idk what to say
Why not list even a single one of these incredible achievements?
Oh you know, there's that one, and that one, and that other one
The main point the original comment made was that their "groundbreaking achievement" was their storage and streaming... which isn't really their achievement.
Netflix's technical achievement of DRM is Microsoft's god awful silverlight bs.
Their achievement was being first and showing what streaming could have been. Now that all the big companies have divided off into their own direction, Netflix had to rely on their own content. And Netflix's original content has become hollow, hype-bait, and frustrating.
The tech innovations are all a decade old at this point anyway. They are a media company now plain and simple. They produce and license movies and shows.