FANG is an acronym that represents four stocks: Facebook (FB), Amazon (AMZN), Netflix (NFLX), and the onetime Google, now Alphabet (GOOG, GOOGL). It is safe to say that FANG is now FAANG. Many claim that there is a third ‘A’ that
belongs to Apple (APPL). Trading of all of these stocks is done on the NASDAQ
exchange. These amount to every pivotal area of user-friendly technology.
The FANG companies intertwine with all of our lives so much that you would have to live under a rock to never come across these names. They are used so much in our
day-to-day lives, and they are almost always used simultaneously. You must have
come across this article on Google while researching on your iPhone while
popping onto Facebook for a quick little status update. Amazon has obviously
taken over our lives in every single way imaginable. And Netflix, it’s every
millennial’s crutch. It was not surprising when stock whizz, Jim Cramer grouped
these pioneering companies into FANG.
Facebook, established by Harvard dropout, Mark Zuckerberg way back in 2004, only became public in May 2012. Right then, it was sold for $38 per share. In July 2013,
the rate dropped to $25.88, and that placed doubt in a lot of people. They
thought Facebook was not ready for its big break on the NASDAQ. But then, the
social media sensation took off on a booming rise and has never looked back
since. Facebook is so marketable for various reasons but one of them … Read More
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