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Because the term was popularized by Jim Cramer on Mad Money referring to the growth of Facebook, Apple, Netflix & Google back in 2013.

$MSFT hadn't really taken off like the others until later that year.



> $MSFT hadn't really taken off

This statement seems so funny considering 20 years ago Microsoft were all the FAANGs


That makes sense. Netflix only belongs in that group when talking about "tech stocks".




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