Or like when Microsoft invested $240M into Facebook back in 2007, which is one of the all time greatest corporate investments. Even after the massive correction, they still have a 22x return on the investment.
It's like YouTube and Android I would think, but similarly, they didn't have a road forward independently.
YouTube was burning a fortune on hosting costs and being sued out of existence when Google bought them. Android didn't have a monetisation path at the time, because the Play Store did not yet exist.
I suspect the same is true of OpenAI currently. They've got some great technology, but are spending a lot of money servicing free queries right now, and don't really have a route to selling their product to the world and building revenue yet.
Netflix does matter to you if you are working anywhere near software in the Silicon Valley, but is just not in the same tier as the rest of them. The opposite for the missing Microsoft.
That's why the rest of the world uses GAFAM and not FAANG.
They are darker skinned than the rest of the population and the word itself is like a generic name for one of them. I guess it is some form of mutation of the Turkish word mangal which is something like barbeque or charcoal
People did say at the time Google overpaid but they were some of the wisest investments Google ever made.
I hope Microsoft don't buy them and OpenAI just becomes another FANG.