Facebook, Amazon, Netflix, Google. It's a shorthand for high growth tech stocks. It is also sometimes abbreviated FAANG to include Apple, and sometimes it will include Microsoft.
It's best, IMO, to think of it as the BIG10 NCAA division, the name only represents a subset of its membership.
Big 6 wouldn't be a bad name for this group, most people would probably know who you're talking about. Unless people are going for some sort of double-entendre with the name FANG.
Seems reasonable. All the big oil companies used to be called “the 7 sisters” (before mergers) and then back in the 70’s for accounting it was “the big 8”.
Is that something that's usually rewarded by Wall Street? I would think being more efficient (ie. making more money with less employees) would be viewed as more successful.
Yes it is, people are an asset in a growth company and not a liability. The ability for Alphabet to survive is to continue to innovate and go into new areas, and that always needs more, new, people. Also if Google has X % of the top new grads joining that’s X % who aren’t joining their competitors etc
There is a principle (some claim it holds true in pretty much every case) that in a company of N people only square root of N are doing all the work. So if you are a 4 person company you need to hire 12 more to double your output. if you are a company with 10 000 employees you will need to hire 30 000 more to double your output :)
May show, especially with such a strong company, intended growth and development within new territories which in turn, can mean new opportunities (Cloud, Waymo, etc.)