FAANG

FAANG Includes

• Facebook
• Amazon
• Apple
• Netflix
• Google

• FAANGS grew rapidly in size, revenue and market cap in the late 2010s
• FAANGS rapidly grew their R&D expenditures from 6billion to 94 bilion since the 2008 reession

FAANG Criticisms

• As of 2018 they have picked most of the low hanging fruit (2018)
• They have transformed markets and are big enough where it is harder to grow faster than the economy going forward (2018)
• They have grown big enough that they need to start competing with each other in competitive markets