It was MAGA originally: Microsoft, Apple, Google, Amazon!
What are we calling what used to be called FAANG these days?
21–30 of 32 posts
Re: What are we calling what used to be called FAANG these days?
#22Big techs.
Re: What are we calling what used to be called FAANG these days?
#23Earlier quoted context omitted.
That’s exactly what he said
I think the point is they shouldn't qualify. I don't consider MS to be a "FAANG" - I would agree too. Nothing about the company feels like the energy that the other companies bring. They're playing catch-up and while they're huge by market value and impact they're just riding that legacy and to me not really deserving of being part of the "cool kids club" which to me was where FAANG sprung from.
Microsoft, in a sense, was the FAANG-mother.
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.
Re: What are we calling what used to be called FAANG these days?
#24Earlier quoted context omitted.
That’s exactly what he said
I think the point is they shouldn't qualify. I don't consider MS to be a "FAANG" - I would agree too. Nothing about the company feels like the energy that the other companies bring. They're playing catch-up and while they're huge by market value and impact they're just riding that legacy and to me not really deserving of being part of the "cool kids club" which to me was where FAANG sprung from.
You associate faang with energy and cool kids?
That is very strange and curious to me.
MS is absolutely faang.
Re: What are we calling what used to be called FAANG these days?
#25Earlier quoted context omitted.
That’s exactly what he said
I think the point is they shouldn't qualify. I don't consider MS to be a "FAANG" - I would agree too. Nothing about the company feels like the energy that the other companies bring. They're playing catch-up and while they're huge by market value and impact they're just riding that legacy and to me not really deserving of being part of the "cool kids club" which to me was where FAANG sprung from.
> while they're huge by market value and impact they're just riding that legacy
The market value they gained is quite recent, so it's not legacy.
Re: What are we calling what used to be called FAANG these days?
#26TBH, people still say "FAANG", and it still works. Many acronyms stop being literal acronyms after a while, and start being just a word. Although probably more people use "Big Tech" than "FAANG".
What's another example of an acronym that has stopped being literal? Some acronyms become words but I can't think of any whose letters are no longer accurate.
3M (originally Minnesota Mining and Manufacturing) is now just a name, which means nothing. Same for KFC (once Kentucky Fried Chicken). It may be more common in company names or other legally-fraught acronyms.
Re: What are we calling what used to be called FAANG these days?
#27TBH, people still say "FAANG", and it still works. Many acronyms stop being literal acronyms after a while, and start being just a word. Although probably more people use "Big Tech" than "FAANG".
What's another example of an acronym that has stopped being literal? Some acronyms become words but I can't think of any whose letters are no longer accurate.
Similarly the Big Ten football conference is now 14 teams.
Re: What are we calling what used to be called FAANG these days?
#28It leaves out Oracle too so and an O in there somewhere.
Re: What are we calling what used to be called FAANG these days?
#29I've been hearing a lot about the "Magnificent Seven" (Apple , Microsoft, Nvidia, Tesla, Meta Platforms, Alphabet and Amazon). Between now, and when we were talking about FAANG, I did hear some talk about FANMAG to throw Microsoft into the mix.
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.
Re: What are we calling what used to be called FAANG these days?
#30I have been using GAMMA, for Google, Apple, Meta, Microsoft, and Amazon. "Gamma" as a word is sciencey, which I like, and swapping out Netflix for Microsoft seems reasonable to me.
Gamma is prone to causing confusion, because Gamma is one of the metrics used to measure options (basically, it's the rate of acceleration of change in a price of an option relative to the change in price in the underlying security).