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FAANG outdated? Analyst: Now it has to be MATANA, Meta and Netflix should be replaced by these three...

  • joy
  • 2022-09-06 11:21:18
  • 314 read
  According to reports, Ray Wang, chief analyst and founder of investment firm Constellation Research, said in a...

  According to reports, Ray Wang, chief analyst and founder of investment firm Constellation Research, said in an interview with the media that it is time to redefine the top companies in the food chain of technology giants.

  Ray Wang believes that the previous FAANG should be replaced by MATANA. MATANA is an acronym for Microsoft, Apple, Tesla, Alphabet, Nvidia and Amazon. After this adjustment, the original Meta and Netflix were removed, and Microsoft, Tesla and Nvidia were added.

  When U.S. financial commentator Jim Cramer coined the term FAANG in 2013, many of the companies selected were seen as rising stars, poised to take their respective markets by storm. This was especially true of Meta (then called Facebook) and Netflix. But Ray Wang believes it's time to reassess the situation for both companies. Meta, in particular, needs to develop new plans.

  "Facebook has to find new models outside of advertising," he said. "They're getting hit with it again. So, will the new business be glasses? Will it be the metaverse? It's not clear yet, and that's where the challenge lies. "

  The problem with Netflix is its growth prospects and the resources it has and lacks. Because of the company's subscription model, Ray Wang has questions about their future potential.

  "The reason they're out is, how many subscribers are there? How many more subscriptions can you handle?" he said. "They should be doing ad placements and licensing IP. Look how Disney makes money."

  Ray Wang emphasized that Microsoft is often seen as a leader among established tech companies, but he should also be included among the top tech leaders. In fact, the previous FAANG is often written as FAAMNG, where M is Microsoft.

  "Microsoft doesn't just do B2B business and consumer business, they can be successful in both," he said. "They're well positioned in the metaverse, and they're well positioned in cloud computing. Of course, they have gaming business."

  Tesla and Nvidia are two newcomers. Tesla is well known today as the pioneer of electric vehicles.

  "Nvidia is not just chips, it's not just data centers or games," Wang said. "They're still on the fringes of artificial intelligence, the metaverse, future computing, and their converged models, and the way they develop will be for quite some time. dominate."


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