FAAMGs
1.
Collectively, the FAAMGs are the five large tech companies: Facebook (Meta), Apple, Amazon, Microsoft and Google (Alphabet), all listed on NASDAQ and currently (or formerly) believed by some market commentators to have strong prospects for future growth.
The acronym FAAMGs is a development of 'FAANGs', which refers to four of the same companies, together with Netflix.
Netflix is replaced by Microsoft in the FAAMGs version.
Google's holding company is now Alphabet Inc, but the FAAMGs acronym remains unchanged.
The holding company Facebook Inc subsequently changed its name - in 2021 - to Meta Platforms Inc.
Meta Platforms Inc continues to own the social media platform Facebook, which continues to be known and to trade as Facebook.
2.
More broadly, the market sector including these companies and other similar businesses.
