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What is a FAANG company?

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Like it or not, there’s a tiny handful of tech companies that dominate the tech industry as a whole. The FAANG companies, also known as MAMAA, Big Tech or the Big Five, originally started as a stock market term to describe the newest and most popular heavy hitters in the industry – the most prominent technology companies in the country – and are a popular term to describe the big five.

The FAANG acronym stands for Meta (formerly Facebook), Apple, Amazon, Netflix and Alphabet (the “G” refers to Google). Although the acronym was first used in finance, it is often used in everyday vernacular to describe the major players in the world of American technology.

If you’re still trying to figure out where and why the FAANG acronym originated, you’ll want to read on. Below is exactly what it means to be a FAANG company, what the leaders in technology are doing to retain their employees, and where the stock market term could go:

What is a FAANG company?

The term “FAANG company” refers to the five largest and best performing US technology companies. The term was first coined by Bob Lang of The Street, but became a household name when television personality Jim Cramer coined the term. crazy money program on CNBC.

The term FAANG is most often used in finance to describe the stocks of the largest technology companies – “FAANG stocks” – but is also often used to describe the Big Tech or Big Five companies in general.

FAANG refers to Meta (formerly Facebook), Apple, Amazon, Netflix and Alphabet (Google). However, due to the recent rebranding of Facebook and Microsoft that has become the world’s most valuable publicly traded company, Cramer recently proposed changing the term FAANG to MAMAA. Those are Meta, Alphabet, Microsoft, Amazon and Apple.

Which FAANG company pays the most?

The five FAANG technology companies all have a reputation for offering their staff high compensation, but depending on the field and scope of work, there are certain FAANG companies that outperform others when it comes to the best salaries. Each company has its own unique compensation structure that differs based on experience and functions.

For example, for software engineering positions, the earning potential at Alphabet (Google) can vary everywhere from $191,000 to $1.02 million, depending on experience and job title.

The five FAANG companies also promote benefits and flexible work schedules (including, in many cases, the flexibility to work remotely). For example, Meta (Facebook) offers employees free gym memberships, ample parental leave and adoption assistance, up to $3,000 in babysitting fees, and a host of other family benefits.

Why isn’t Microsoft a FAANG?

It’s understandable to wonder why Microsoft isn’t part of the FAANG acronym while being one of the largest tech companies in the world, but there’s a simple explanation for why it didn’t make the cut. FAANG was originally a stock market term to describe new and hot tech stocks, and at the time Microsoft was not considered new or hot despite its steady success.

That said, Microsoft was recently included in Jim Cramer’s updated and expanded MAMAA acronym when it was named the most valuable stock of all time. The latest exchange term — which Cramer says is the new FAANG — includes Meta, Alphabet, Microsoft, Amazon, and Apple.

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