What is FAANG?

Facebook, Apple, Amazon, Netflix, and Google make up a group of shares so popular that Wall Street has given them a name: FAANG. This group of tech giants have transformed the markets, their industry, and the way that we live. Five shares having such an extreme presence makes for an unusual market. With such high market caps, they control a significant portion of the index and therefore can move it significantly.
These five shares have significant influence in the markets and investors feel the effects of them whether they own shares in them or not. With the never-ending string of controversies and criticism that these companies face, many smaller tech companies have been able to make a mark in the tech sector. Only time will tell if FAANGs many rising competitors will be able to overthrow them and replicate the stunning growth that these five companies have achieved.