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>I predict that one day, we'll see a C somewhere in "FAANGM". Honestly, this is such a stupid game. The original acronym was FANG. It included Netflix which at
by Traster 6y ago
>I predict that one day, we'll see a C somewhere in "FAANGM".
Honestly, this is such a stupid game. The original acronym was FANG. It included Netflix which at the time it was coined was orders of magnitude smaller than Apple, the acronym didn't include Apple, and now it has about 10 different deriviations which does and does not include Netflix (whose core business has been invaded by not only Apple and Amazon but also Disney and HBO), but does include Microsoft - which isn't whilst very successful, isn't dominant anywhere.
The whole value of FANG was that it spelt out the word fang - beyond that, it was completely devoid of meaningful value. It works in the same way that a big red button Jim Cramers' desk works. It doesn't.
- pbiggar 6y agoFAANG was originally about companies that paid massive engineering salaries, which is why Netflix was included and Microsoft wasn't.
- reducesuffering 6y agoNo it wasn't. Cramer coined it due to just FANG (not apple) being totally dominant in their markets and having meteoric rises in stock prices at that time.[0] [0]https://en.wikipedia.org/wiki/Big_Tech#FAANG https://en.wikipedia.org/wiki/Big_Tech#FAANG