Given its widespread use, most investors are likely familiar with FAANG, a well-worn acronym that refers to some of the best-performing companies of the past decade:

Each of these companies dominates its respective industry, outflanking rivals and providing a windfall for long-term investors over the past 10 years.

Meta Platforms has three of the top five social media platforms worldwide under its umbrella. Apple boasts eight of the top 10 best-selling smartphones of 2022. Amazon controls nearly half of all e-commerce spending in the U.S. Netflix continues to be the largest subscription streaming service by a wide margin. Google search is unmatched, with 92% of the market.

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Source Fool.com