Stock market meltdowns have FAANGs looking increasingly toothless
But the big tech companies may not have lost all their bite
01 May 2022 - 08:40
Nine years ago, Jim Cramer — the gleefully loudmouthed CNBC pundit — introduced the world to what he called the FANG investment strategy. Facebook, Amazon, Netflix, and Google, his reasoning went, were as close to a sure bet as you could get as commerce, community and content shifted online.
A few years later the acronym was plumped up to FAANG with the addition of Apple. Corporate rebrandings at Facebook and Google would end up messing with the spelling, and some insisted Microsoft should join the party...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.