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What's in a name: Is FAANG really now MAMAA?

In 2013, FANG (Facebook, Amazon, Netflix, Google) was an acronym coined by Jim Cramer, a CNBC personnel. In 2017, the acronym evolved to FAANG with the addition of Apple Inc, one of the biggest companies at the time. Since then, the FAANG acronym has become famous worldwide referring to the world’s largest tech companies by market value.

Why is FANG no more?

Tech companies boomed during the pandemic and are now getting a reality check. Rising interest rates and concerns about where the global economies are headed have caused the turbulence. Add to that the economic impacts of the Russia-Ukraine war have caused a major shift in the landscape.

As a result, these companies’ shares