FAANG meaning in Computing ?
Answer: What is Facebook Apple Amazon Netflix Google mean?
Big Tech, also known as the Tech Giants, Big Four, or Big Five, is a name given to the four or five largest, most dominant, and most prestigious companies in the information technology industry of the United States—namely Amazon, Apple, Google (Alphabet), Facebook, and Microsoft.
The tech giants are seen as the dominant players in their respective sub-verticals of the tech industry namely: e-commerce, online advertising, consumer electronics, cloud computing, computer software, media streaming, artificial intelligence, self-driving cars, and social networking. They have been among the most valuable public companies globally, each having had a maximum market capitalization ranging from around $1 trillion to around $2 trillion USD. They are additionally considered to be among the most prestigious and selective employers in the world.
Concerns over monopolistic practices have led to antitrust investigations from the Department of Justice and Federal Trade Commission in the United States, and the European Commission. Commentators have questioned the impact of these companies on privacy, market power, free speech and censorship, and national security and law enforcement. It has been speculated that it may not be possible to live in the digital world day-to-day outside of the ecosystem created by the companies.
The tech giants have drawn comparisons to other groupings of dominant and prestigious companies including China's BATX, the Big Three management consulting firms, and the Big Oil companies.
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