What does FAANG stand for?

Facebook, Amazon, Apple, Netflix, Google

When people bring up FAANG, they’re referring to five major players in the tech world: Facebook, Amazon, Apple, Netflix, and Google. These behemoths have such a strong presence in the tech industry that they’re often lumped together as one entity. Making up a whopping 15% of the S&P 500’s value, it’s clear why they have their own unique acronym.

The term FAANG originated from a similar acronym, FANG, established by Jim Cramer, the host of Mad Money, in 2013. He used FANG to highlight the four companies he believed were leading the U.S. stock market at the time – Facebook, Amazon, Netflix, and Google. A few years later in 2017, Wall Street analysts decided to include Apple in this group of top-performing tech stocks, transforming FANG into FAANG.

Today, FAANG is still commonly used by financial advisors and analysts to refer to the stocks of Facebook, Amazon, Apple, Netflix, and Google. But it’s not just about stocks. The term FAANG also pops up when people are talking about the job market, specific careers, or even the work culture at these companies. For instance, on platforms like Reddit, you might find people discussing the benefits and drawbacks of working at a FAANG company, such as the abundance of perks versus the potential for employee burnout.

Example for using ‘FAANG’ in a conversation

Hey, have you heard of FAANG?

Yeah, I think it stands for Facebook, Amazon, Apple, Netflix, and Google, right?

Exactly! These companies are so huge and influential that they’re often talked about as a group.

Oh, I see. So, when people mention FAANG stocks, they mean these five companies?

Yes, you got it. Financial experts and analysts use FAANG to refer to their stocks, and others use it to talk about the companies and their workplace culture.