Facebook, Amazon, Apple, Netflix, Google
I'm thinking of leaving my FAANG job ... am I making the right choice?
|Big Board||New York Stock Exchange|
|NYSE||New York Stock Exchange|
|Stonks||Questionable or meaningless financial gains|
Those who are discussing FAANG stocks or companies are talking about "Facebook, Amazon, Apple, Netflix, and Google." These five titans of the tech industry have become so dominant (comprising 15% of the S&P 500's value) and embedded in the public's consciousness that they're sometimes referred to as one entity.
In 2013, Mad Money host Jim Cramer coined the acronym FANG to refer to "Facebook, Amazon, Netflix, and Google," four companies he determined were leading the U.S. stock market. In 2017, Wall Street analysts added Apple to Cramer's bundle of well-performing tech stocks, turning FANG into FAANG.
Nowadays, financial advisors and analysts still use FAANG to refer to Facebook, Amazon, Apple, Netflix, and Google stocks, and those discussing the job market, specific jobs, or workplace culture use FAANG to refer to the companies themselves. For example, you may see Reddit users discussing the merits of the many workplace perks FAANG provide, in relation to their employees' increased propensity for burnout.