Netflixosaurus
There used to be something called FAANG, which led stock markets. Now it’s TAAG (Tesla, Apple, Amazon, Google): Microsoft should be in there, but when FANG was invented as a ‘thing,’ Mister Softee hadn’t transformed itself. GAAMT GAMAT TAAGM (none of these look quite right).
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Facebook -
Apple
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Amazon
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Netflix -
Google
In Netflix’ case, when you don’t innovate, and you have no inherent edge, and face multiple, highly-equipped entrants, you’ve got a problem. Netflix shareholders agreed: -35% today.