Facebook to Meta Calls for Big Tech’s Name Change From FAANG to MAANG


Demand? ask? Or Mamta?

of facebook rebranding for meta Platforms has launched a search for a new name for the high-flying FAANG Group which also includes Apple, heroine, Netflix, And Alphabet.

Facebook on Thursday announced It’s now called a meta platform as the social media company shifts to creating ambitious “metaverses,” a shared virtual environment. The name change comes after a damaging whistleblower report and criticism from lawmakers and regulators over its market power.

most popular suggestion Feather Twitter Related to the technique was MAANG for the heavyweight group – where the “F” of FAANG is replaced with “M”. some users too rearrange Letter to MANGA, referring to Japanese comic books.

The total market capitalization of FAANG’s elite shares so far this year is $7.416 trillion (approximately Rs 5,55,67,013 crore), up from around $5.8 trillion (approximately Rs 4,34,58,556 crore) last year.

Several Twitter users also offered to reshuffle the group to add Microsoft – who is Competition Along with Apple for Most Valuable US-Listed Company Tesla, which just this week joined the elite trillion-dollar market value club.

With shuffle, some users came With Mamta – it would drop Netflix, which has the smallest market cap of $299 billion (about Rs 22,40,611 crore) compared to the rest of the group, and use an “A” for Alphabet, whose search engine Google Gave their “G” to the FAANGs.

MAMATA, consisting of Microsoft, Apple, Meta, Amazon, Tesla and Alphabet, has a combined market cap of around $10 trillion (approximately Rs 7,49,36,849 crore). They make up a quarter of the weight of the S&P 500, compared to about 20 percent of the legacy FAANG group.

“These handful of stocks (FAANG) have reigned for quite some time,” said Tom Hayes, and this may have coincided with the beginning of the taper, with rates slowly rising and inflation… at Great Hill Capital in New York. Member.

Shares of the meta platform rose nearly 2 percent in early trade and will get a new ticker, MVRS, on December 1.

© Thomson Reuters 2021