FANG Obsession

IEEE AmInuts
Nov 26, 2019 63 Comments

Can't understand the obsession with FANG. Yes, they pay well; better benefits. But no reason to kill yourself over that. Have you looked at the stock price of AMZN and NFLX this year? Flat. When Nasdaq is up almost 30%.

Going back in time: In 2006 Lehman Brothers was certainly a sought after company in Investment Banking. Guess what happened in 2008?

No company is too big to fail; no job is worth obsessing about.

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TOP 63 Comments
  • Amazon meeeeee1
    Its like comparing attending an Ivy league school vs a non ivy league. Its about brand and recognition
    Nov 26, 2019 12
    • Snapchat TCobsessed
      They combined them in novel ways and integrated them with hardware and software that they developed to give the people a product that both surprises and delights.
      Nov 26, 2019
    • JPMorgan Chase / Eng (๑•﹏•)
      That's just arrogance at its best but sure go on ...
      Nov 27, 2019
  • New gggg25
    Btw the people at Lehman got jobs at other top investment banks after the crash. Branding sticks. Prestige and the brand is why most people obsess over it.
    Nov 26, 2019 4
    • IEEE AmInuts
      OP
      Knew most of the equity and FI desk at Lehman. They are now doing fine. Took them 6 - 8 years to get back on track. As far as GS goes: depends. Traders would do fine. The rest... Not so much
      Nov 26, 2019
    • New gggg25
      Even a Lehman executive assistant got a job a month later. I think they'll be fine.

      What most of those people on the desks didn't tell you is that they probably got offers but they weren't worth it, or they failed interviews which is different.

      Failing interviews is not the markets fault.

      I think you're underestimating the brand and prestige these companies have.
      Nov 26, 2019
  • Snapchat TCobsessed
    Yes, but working at a FAANG sets up your career nicely even if the one you happen to work for goes under. You can always jump ship when you see the writing on the wall
    Nov 26, 2019 0
  • Amazon rockNrol
    FAng may be sour grapes to u but not to everyone so keep ur opinions to urself and go back to ur mediocre job
    Nov 26, 2019 5
    • Amazon rockNrol
      Here is a guy who complains about fang obsession but can’t stop blowing his own trumpet of working for a hedge fund and making lot of money at every chance he gets. And you think I am at wrong fk u all
      Nov 27, 2019
    • JPMorgan Chase / Design
      thuusmondo

      JPMorgan Chase Design

      PRE
      JPMorgan Chase & Co.
      BIO
      Less is more.
      thuusmondomore
      I had an application open to work at Amazon until I read rockNrol's comments. Just kidding, I'm not even thinking about working at Amazon hahaha
      Dec 1, 2019
  • Amazon woxhbrnzo
    I only obsess over one company. Pornhub.
    Nov 26, 2019 2
  • Zynga parott
    It’s a combination of brand prestige ,money and benefits .Overall its the best package
    Nov 26, 2019 1
    • IEEE AmInuts
      OP
      Makes sense. Certainly try for it. Work for getting it. But don't obsess over it.
      Nov 26, 2019
  • New DaPC48
    I agree. I have recently been offered a job at one -- a job that would have represented a significant TC boost and prestige. But I turned it down because it required moving across the country, and my family is happy where we are at now. Had to choose between the perfect family and the perfect job, and I chose the former.

    But in an earlier/different life, I would have moved in a heartbeat.
    Nov 26, 2019 1
    • JPMorgan Chase / Design
      thuusmondo

      JPMorgan Chase Design

      PRE
      JPMorgan Chase & Co.
      BIO
      Less is more.
      thuusmondomore
      I think you made the right decision.
      Dec 1, 2019
  • Google SwDK27
    You are the one who posted yet another post about FAANG...
    Nov 26, 2019 1
    • IEEE AmInuts
      OP
      Me? This is my first thread about FAANG.
      Nov 26, 2019
  • PwC WAvsMN
    Hit like if you’re a sane individual who recognizes that FAANG represents opportunity and wealth that is not found in typical companies and understand that getting into FAANG is something to be proud of not something to be bashed on nor to brag about. This is turning into a kind of Apple v Android situation and I am grabbing popcorn enjoying THE SAME.
    Nov 26, 2019 0
  • Intel
    This&That

    Intel

    PRE
    Fujitsu Global
    This&Thatmore
    Happy family and good job is more important than glamour in career but broken family :)
    Nov 26, 2019 0

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