Why are Linkedin and Uber not in FAANG?
FANG was cramer’s acronym to group hot tech stocks and FAANG is the acronym to depict tier-1 companies (at least in Blind) Just wondering why Linkedin, Uber are not considered tier-1. Especially since both are big, have popular products and great TCs
For most people on Blind it's down to just G A F L.
A for Albertsons? 😂
FLAG
Well Uber is a company that’s a than 10 years old it’s still growing. Others have been around for a while. Those lay offs were necessary from what I know as there was a lot of duplication.
linkedin is part of microsoft
They are not treated equally though, at least on Blind
only losers care about tier anyway. fang was literally chosen cuz it was catchy and formed a word. and was a stock term. not the be-all end-all of prestige
Uber is literally a trash stock. No offense to anyone but there’s no stock growth. It’s a business that has no path to profitability and doesn’t belong with the big bois.
Netflix too then
FAANG is a wallstreet term. Those guys don't know shit about tech. Saying that FAANG is tier 1 and MSFT, Uber are not would be completely wrong. Source: search for FAANG and read Wikipedia.
Did you see how many folks Uber laid off? I thought the whole point of FAANG is the stock price of the companies (/y) that are financially doing well. Nothing more. As for LinkedIn, they are good but not there yet.
Of course, how can we get there if we don’t have our own stock 😂
No wonder why we don’t get good refreshers