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And it doesn't include Microsoft for some reason. FANMAG always made more sense to me.

Since Google is Alphabet, we can use FAAAM (or FAAAMN) instead.

I like that one.

... because FAANG was about compensation and MS is not competitive (at least for mid-career hires).

Take a look at levels 62 / 63 at MS vs. comparable roles at FAANGs: https://www.levels.fyi/?compare=Amazon,Google,Facebook,Micro...

I won't pretend to understand how these levels compare, but it looks on par with Apple, no?

My understanding of FANG initially was that it was about tech stock performance and not compensation.

Yes, Jim Cramer coined the term AFAIK. Though it did map reasonably well to comp, in part because tech workers usually had RSUs as a major part of their comp.

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