+2, FAANG was coined by Jim Cramer to be a grouping of fast growing tech stocks almost 10 years ago, not a grouping of the largest and most important tech companies. Apple and Microsoft are both about 10x the market cap of Netflix.
Have we all really been parroting Jim Cramer all these years? That's really quite sad.
The word fang is pretty catchy.
Why sad? He’s a smart guy and his show is great for lots of retail investors.
I think you meant he's a TV personality and his show is great for entertainment.
And around that time the Microsoft stock had beeen fairly flat for the previous decade. But the Microsoft of the 2010s isn’t the Microsoft of the 2000s stock wise. The stock has grown quite a lot as well since FAANG was coined.