How people view FAANG vs. How People Should View Them
Note, we won’t actually talk about Netflix in this because at the moment, they aren’t nearly as powerful as any of the other companies or in as many markets as the others.
How Most People Currently View Them
A nice digital company that connects friends and families to eachother across the internet. A website owned by a giant tech company making cool initiatives and goals as well as products.
A digital retailer helping small businesses bring their products and stores to the internet. A website owned by someone that will keep it running for years on end.
A luxury tech brand. A brand that makes good looking software and hardware compared to competitors. A company that makes an ecosystem of products and makes them easily connectable and usable.
A company bringing meriads of digital informaton to our finger tips. A comapny bringing free software and products to billions of people with no clear benefit to Google.
How People Should View These Companies
A social media firm that analyzes thousands upon thousands of images of your children, activates your phone as a listening device, and sells this information to fortune 500 companies.
A retailer that refuses to pay sales tax, treats its employees poorly, destroys hundreds of thousands of jobs, and yet is celebrated as a paragon of business innovation.
A computer company that withholds information about a domestic act of terrorism from federal investigators, with the support of a fan following that views the firm similar to a religion.
An ad platform that commands, in some markets, a 90 percent share of the most lucrative sector in media, yet avoids anticompetitive regulation through aggressive litigation and lobbyists.