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Hell, they're so not FAANG, they're not even in the acronym.

But I get it. If I were slotting tech companies into eras, they'd be before Facebook/Google, but after the real old school guys like IBM, AT&T, and Xerox.

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I was thinking about this yesterday, and if FAANG means “big tech companies with continued big growth”, M is more deserving of the title than, for instance, G. FAAN all have over 300% return over past 5 years, as does M. G however is at like 130%, roughly the same as the Nasdaq. Which to me roughly means they aren’t growing faster than the average tech company (NASDAQ being roughly an index of tech)

(Work at M, may be biased :) )

I also felt that the N was out of place as its market cap is about 1/3 the next smallest (FB at $0.77B vs. $0.22B). The rest (and MSFT) are all > $1B. NFLX has a lower cap than NVDA, ADBE, and PYPL (and TSLA and BABA).

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