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I feel like Amazon isn't a FAANG anymore. (What's the new A? Anthropic?)

Well FAANG is now MANGO and yes Amazon dropped out of the top tier of tech companies on the market per these acronyms. Theres a few others other there gaining popularity which also now exclude Amazon as a top tier tech company.

Amazon is successful on the boring utility stuff (logistics, building data centers) but is broadly seen as unable to execute on higher value add things, which keeps it out of the top tier. The AI misses really highlighted that.

Isn’t AWS a massive value add operation on top of what is otherwise just rental servers?

It isn’t sexy, but they are selling their proprietary technology to just about everyone. That and their market cap puts them in league with the rest of the big boys.

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