This content has been automatically translated from Ukrainian.
FAANG is an acronym that, in the financial and IT sphere, refers to the group of the five largest and most influential American technology companies:
- F <TAG1> Facebook (now it is Meta Platforms)
- A <TAG1> Apple
- A <TAG1> Amazon
- N <TAG1> Netflix
- G <TAG1> Google (it's part of a conglomerate now Alphabet)
The meaning of the term:
- It is used by investors and analysts to denote "heavyweights" of the technology market, whose shares significantly affect stock indices (S&P 500, Nasdaq).
- In the IT environment, "working at FAANG" often refers to working in top companies with high salaries, complex selections and prestigious experience.
In recent years, newer variations have sometimes been used (for example) MAMAA <TAG1> Meta, Apple, Microsoft, Amazon, Alphabet) because the market has changed.
This post doesn't have any additions from the author yet.
