The FANG Playbook

Long-time readers know that I already summed up this phenomenon in Aggregation Theory, but in some respects I think my chosen name does this idea injustice: the word “theory” sounds abstract and disconnected from the real world, when in fact the elements of Aggregation Theory are not only very much real phenomena but also the connective tissue tyin... See more

The State of FANGEach of the FANG companies is in a similar position in their respective industries: they haven’t so much disrupted incumbents as they have subsumed them:Facebook: The late David Carr, who first broke the news about Facebook’s Instant Articles initiative back in 2014, worried that “media companies would essentially be serfs in a kin... See more

Jim Cramer, who coined the “FANG” acronym as a descriptor for the high-flying Facebook, Amazon, Netflix, and Google group of tech stocks that have dramatically outperformed the market, made clear yesterday that his endorsement wasn’t necessarily connected to the underlying companies:A note on these stocks. I picked them largely because over the yea... See more