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I wonder how long it will take until people adopt their new name, and MAANG

might as well go for MAMAG at that point, swapping Netflix out and Microsoft in. Or MAMANG. Or even AMMANG. Possibilities are endless. :)

MAGMA. You heard it here first

The new offical acronym on the street is MAMAA by the way. Microsoft, Apple, Meta, Amazon and Alphabet.

Jim Cramer announced this on Friday.

Why not? Didn't Facebook create tools like GraphQL and React?

Netflix has created tools and open source libraries too.

RxJava was opensourced by Netflix, the defacto standard for reactive programming in Java. They also open sourced a lot of their work for working with avif files, which has managed to find its way into Chrome, among other projects.

Among other things.

they do occasionally use BSD licensed software so they can choose what/when/if to open source.

Facebook dont consider themselves as tech companies. But there aren't any other category that are clearly defined in which they fit in. Social Media isn't one.