Facebook. Apple. Amazon. Netflix. Google. Five Big Tech giants known in investing circles simply as FAANG for years.
That was until Mark Zuckerberg channeled his inner meta on Thursday.
The FAANG investing acronym was created in 2013 by Jim Cramer, the founder of TheStreet (full disclosure, my former boss who also created the term “Cloud Kings“). It was both catchy as hell and true to form for the companies it represented.
Think of a fang on a rabid dog and it’s not unlike all five tech giants shredding the throats of inferior companies across the spectrum. And because of that ferocity leading to eye-popping profits almost every single quarter (except Amazon on Thursday night), fang also reflected the aggressive nature of the stock prices of all five tech beasts.
FAANG as an investment has just worked incredibly well in popular investing culture, and financially speaking.
The NYSE…
