Earlier this month, the Wall Street Journal wrote that Netflix was planning to raise its prices once again. The streamer implemented its last hike in January 2022,...
Netflix confirms it is increasing subscription prices, again, after adding 8.8 million customers::undefined
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
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