The Plan To Transfer 18 Trillion in Wealth From The 1% To The 99% in 2024

Acronyms

The Big Four or Five tech companies are often referred to by the following names or acronyms.

Alphabet, the parent company of Google, may be represented by "G" in these acronyms, while Meta, the rebranding of Facebook, may be represented by "F".

The acronym FANG was coined in 2013 by Jim Cramer, the television host of CNBC's Mad Money, to refer to Facebook, Amazon, Netflix, and Google.

Cramer called these companies "totally dominant in their markets".

Cramer considered that the four companies were poised "to really take a bite out of" the bear market, giving double meaning to the acronym, according to Cramer's colleague at RealMoney.com, Bob Lang.

Cramer expanded FANG to FAANG in 2017, adding Apple to the other four companies due to its revenues placing it as a potential Fortune 50 company.

Following Facebook's name change to Meta Platforms in October 2021, as well as the 2015 creation of Google holding company Alphabet Inc.,

Cramer suggested replacing FAANG with MAMAA, replacing Netflix with Microsoft because Netflix's valuation had fallen behind the other companies. With Microsoft, these companies were each valued at over $900 billion compared to Netflix's $310 billion.

In November 2021, The Motley Fool suggested MANAMANA (a reference to the 1968 song "Mah Nà Mah Nà") as a replacement acronym that stands for Microsoft, Apple, Netflix, Alphabet, Meta, Amazon, Nvidia, and Adobe.

Market dominance