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Netflix pays like a Big Tech company, is valued like a Big Tech company and was part of FAANG. 10 years ago the streaming tech they had was fairly high tech, even if it's now pretty standard. So they're considered Big Tech for historical reason


"Netflix pays like a Big Tech company, is valued like a Big Tech company and was part of FAANG."

That would be circular. The author was trying to show how much smaller hollywood media companies are than big tech.


There was no world that Netflix should have been part of FANG (notice the missing A as original conceived by Cramer). At the time it was coined, Apple was already the most valuable company. But was left out as was Microsoft


It was the companies that were performing well in the stock market. Microsoft and Apple are much older and didn’t have the growth those did.


They also have their own global CDN, while Disney/HBO et al use various third party CDNs.




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