Although there’s not really any discernible agreement as to when “initialism” or acronyms first became mainstream, the somewhat frightful acronym FAMGA is certainly outperforming OTP ("One True Pairing") at the moment.
FAMGA is an acronym for Facebook Inc (FB), Apple Inc (AAPL), Microsoft Corp (MSFT), Google (GOOG) and Amazon.com Inc (AMZN), the five biggest stocks in the Nasdaq. Today, the FAMGA make up an astonishing 40% of the NASDAQ 100 company index.
The FAMGA family phenomena is also enormously profitable. Combined, the frightful five have a market-cap of roughly $4 trillion. According to CB Insights, “Over the last 3 decades, the FAMGA tech giants have collectively made nearly 750 acquisitions.”
From a data standpoint, the world’s most valuable brand’s are fascinating. Signs.com allegedly spent a year producing a massive guide to FAMGA. Here are some fast stats:
- 87% of the world’s market share for search engines is owned by Google
- Amazon owns 43% of all e-commerce market share
- Facebook acquires 8 new users per second
- Apple sells an average of 31 Macs per minute
- There are 5.4 billion Google searches per day
- 1.2 billion iPhones have been sold
For more on the world’s dependence on FAMGA, check out CB Insights for titles:
- FAMGA Earnings Call Analysis
- Visualizing Tech Giants’ Billion-Dollar Acquisitions
- Where Facebook, Apple, Microsoft, Google, and Amazon are Investing in AI
- Which FAMGA Giant Mentions Edge Computing on Earnings Calls?