FANG Obsession

IEEE
AmInuts

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

    Go to company page Amazon

    meeeeee1
    Its like comparing attending an Ivy league school vs a non ivy league. Its about brand and recognition
    Nov 26, 2019 12
  • New
    gggg25

    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

      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

      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

    Go to company page 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

    Go to company page 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

      Go to company page 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

      Go to company page JPMorgan Chase Design

      PRE
      JPMorgan Chase & Co.
      BIO
      Less is more.
      thuusmondo
      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

    Go to company page Amazon

    woxhbrnzo
    I only obsess over one company. Pornhub.
    Nov 26, 2019 2