July 8: Big Tech and FAANG

The acronym FAANG (Facebook, Amazon, Apple, Netflix, Google) is also sometimes used to refer to large tech companies.

Source: TrueUp
Published: July 2021

Big Tech and FAANG

The top 8 most valuable tech companies are now worth a combined $10.7 trillion. The group consists of Apple, Microsoft, Amazon, Google, Facebook, Tencent, Tesla, and Alibaba. This is almost as much as all 377 other public tech companies and 832 private tech unicorns combined ($13.2 trillion total).

The acronym FAANG (Facebook, Amazon, Apple, Netflix, Google) is also sometimes used to refer to large tech companies. FAANG adds Netflix but excludes Microsoft, Tencent, Tesla, and Alibaba.

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