What are we calling what used to be called FAANG these days? I am posting this for several reasons. 1. I don't like the original acronym as it leaves out Microsoft. 2. Google renamed to Alphabet and Facebook renamed to Meta since then. 3. I don't know if N stands for Nvidia or Netflix. What do we have now? Meta, Microsoft, Alphabet, Amazon, Apple, Netflix and Nvidia? Is it MMAAANN? or MAANMAN? What is it? |
Solves all your issues and comes with a catchy theme tune.
Although probably more people use "Big Tech" than "FAANG".
> In August 2023, at the 15th BRICS Summit, South African President Cyril Ramaphosa announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates had been invited to join the bloc. Full membership will take effect on 1 January 2024.
In general, acronyms are always pointless shibboleths. "Big Tech" is perfectly fine.
Of course it'll keep changing with time. We haven't talked much about the Nifty Fifty in awhile, except as a modern day tale of Icarus.
"Gamma" as a word is sciencey, which I like, and swapping out Netflix for Microsoft seems reasonable to me.
So maybe MANNAMA ?
Microsoft isn't part of FAANG
Microsoft didn't spawn Apple. They were siblings, sometimes cooperating and sometimes fierce rivals. Microsoft also bailed out Apple so that it could exist to this day.
Microsoft was the big software giant (well, IBM, but . . .) when Facebook and Netflix and Google got their starts, so ex-'softies likely had an influence on culture and practices in those companies. Amazon is also Seattle-land headquartered and I know there was cross-pollination there.
Even if you think Microsoft is totally crap and not a FAANG, there was some fecal transplant going on with the FAANGs.
M(eta) A(pple) N(vidia) G(oogle) A(mazon) -> MANGA
Yes, it ignores the Google/Alphabet change, but they still seem to be pushing the "Google" brand more than Meta is pushing the "Facebook" brand so I think that's reasonable.
P.S. It also seem rather apropos that they're only one letter away from MAGA.
That is very strange and curious to me.
MS is absolutely faang.
The market value they gained is quite recent, so it's not legacy.