FAANG – These Tech Giants = 10th Largest Economy In the World

FAANG is the acronym for the tech giants Facebook, Amazon, Apple, Netflix and Google. In 2019, the total revenue from these five tech companies amounted to a staggering $674 billion. To put that into context, if FAANG were a Country, it would be the 10th biggest economy in the world just behind Canada. How Do

Gary Fox

What Is Faang

FAANG is the acronym for the tech giants Facebook, Amazon, Apple, Netflix and Google.

In 2019, the total revenue from these five tech companies amounted to a staggering $674 billion.

To put that into context, if FAANG were a Country, it would be the 10th biggest economy in the world just behind Canada.

What are FAANG stocks?

FAANG stocks are public shares traded for Facebook (FN), Amazon (AMZN), Apple (AAPL), Netflix (NLFX) and Google(GOOGL).

How Do The FAANG Companies Compare?

What Is Faang
FAANG revenue and net income figures for FY 2019

Facebook Information and Market Cap

Company name: Facebook Inc
Ticker symbol: FB
Annual revenue: 2023: $134.9 Billion
Profit | Net Income: 2023: $39 Billion
Market Cap: (April, 2020): $203.9 Billion
Link: Facebook
Year founded: 2004
Founders: Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.
Company CEO: Mark Zuckerberg
Headquarters: Menio Park, California, USA
Number of employees: (Dec, 2023) 67,317
Type of business: Public
  • Facebook
  • Instagram
  • Whatsapp
  • Oculus
  • Facebook Business
  • Facebook Games
  • Facebook Live
  • Facebook Marketplace
  • Facebook Messenger
  • Facebook Portal
  • Amazon (advertising)
  • Apple
  • Google (advertising)
  • Linkedin
  • Microsoft
  • Pinterest
  • Tencent (social media)
  • TikTok
  • Twitter
  • YouTube

Facebook Revenue and Net Income Report

Facebook is the 4th largest company out of the FAANG group but the third most profitable. After Google, it also has the largest number of users.

The Facebook business model is based on the hidden revenue model. In other words, Facebook users use the platform for free in exchange and advertisers pay to be able to promote products/services to users.

How Does Facebook Makes Money
How Facebook makes money

Amazon Information And Market Cap

Company name: Amazon
Ticker symbol: AMZN
Annual revenue: 2023: $574.8 billion
Profit | Net Income: 2023: $30.4 billion
Market Cap: (March, 2024): $1.81 trillion
Link: Amazon
Year founded: 1994
Founders: Jeff Bezos
Company CEO: Jeff Bezos
Headquarters: Seattle, USA
Number of employees: (FY 2023): 1.54 million full-time and part-time employees
Type of business: Public
  • Alibaba
  • Apple Music & Apple TV
  • Costco
  • ebay
  • Google Play
  • JD (Jingdong)
  • Netflix
  • Otto
  • Flipkart
  • Wallmart

Amazon Revenue And Net Income Report

Amazon is the eCommerce giant and has the largest turnover out of the FAANG stocks. However, it principally sells third-party products and hence makes less margin than those companies that sell their own products e.g. Apple.

The Amazon business model is diversified. Within Amazon, there are several different services and business models e.g. Amazon Prime Video (a subscription business model).

Amazon How Does Amazon Make Money
How Amazon makes money

Apple Information And Market Cap

Company name: Apple
Ticker symbol: AAPL
Annual revenue: (FY 2023): $383.3 billion.
Profit | Net Income: FY 2023: $97.0 billion
Market Cap: (Feb, 2024): $2.82 Trillion
Link: Apple
Year founded: 1976
Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
Company CEO: Tim Cook
Headquarters: Cupertino, California, USA
Number of employees: (FY 2019): 161,000
Type of business: Public

Apple Revenue And Net Income Report

Apple is the second largest of the FAANG group by revenue but the largest by net income. The Apple business model has changed from a pure product company to a product and service offering.

How Apple Makes Money
How apple makes money

Netflix Information And Market Cap

Company name: Netflix
Ticker symbol: NLFX
Annual revenue: 2019: $20.16 Billion
Profit | Net Income: 2019: $1.86
Market Cap: (April, 2020): $423 Billion
Link: Netflix
Year founded: 1997
Founders: Reed Hastings and Marc Randolph
Company CEO: Reed Hastings
Headquarters: Los Gatos, USA
Number of employees: (FY 2019): 8,600
Type of business: Public
  • Video On Demand
  • Amazon Prime Video
  • Apple TV+
  • Disney+
  • HBO
  • Hulu
  • Vevo
  • YouTube

Netflix Revenue And Net Income Report

Unlike many of the other FAANG members, the Netflix business model hasn’t changed over time.

How Netflix Makes Money
How Netflix Makes Money – The Netflix Business Model

Google Information And Market Cap

Company name: Google (A subsidiary of Alphabet Inc.)
Ticker symbol: GOOGL(Class A) and GOOG(Class C)
Annual revenue: $305.63 billion
Profit | Net Income: $73.795 billion (2023)
Market Cap: $1.947 Trillion (April 2024)
Link: Google
Year founded: 1998
Founders: Larry Page, Sergey Brin
Company CEO: ‎Sundar Pichai‎
Headquarters: Mountain View, USA
Number of employees: 182,502 Full Time Employees (2023)
Type of business: Public
  • Android
  • Chromecast
  • FitBit
  • Google Ads
  • Google Cast
  • Google Chrome
  • Google G-Suite
  • Google Pay
  • Google Pixel
  • Google Play
  • Google Music
  • Nest
  • Wear OS
  • YouTube
  • Microsoft
  • AOL
  • Facebook
  • Apple
  • Amazon
  • Samsung
  • Baidu

Google Revenue And Net Income Report

The Google business model is still dominated by its huge advertising revenues. However, they are investing heavily in ‘other bets’ that may yet see new revenue streams and growth in the future.

How Does Google Make Money
How Does Google Make Money? An infographic explaining the many revenue streams.
Faang - These Tech Giants = 10Th Largest Economy In The World

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