FAANGs
From ACT Wiki
Jump to navigationJump to search
1.
Collectively, the FAANGs are the five large tech companies: Facebook (Meta), Apple, Amazon, Netflix and Google (Alphabet), all listed on NASDAQ and currently (or formerly) believed by some market commentators to have strong prospects for future growth.
- Treasury agenda - numbers - $100bn
- "The amount lost by leading US tech companies - the FAANGs - in a November selloff."
- The Treasurer magazine, January 2019, p7.
Apple is the latest addition to this group, formerly known as FANGs.
Google's holding company is now Alphabet Inc, but the FAANGs 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.
