The acronym "FAANG" represents five major technology companies: Facebook, Apple, Amazon, Netflix, and Google. These companies are known for their significant impact on the technology industry and the economy as a whole. They have led innovations in various sectors, including social media, consumer electronics, e-commerce, streaming services, and online search. FAANG stocks are often closely monitored by investors because of their market influence and rapid growth. As pioneers in technology, they continue to shape digital trends and consumer behavior globally.