FAANG (Facebook Amazon Apple Netflix Google) is an outdated paradigm for how we quantify ownership of the internet.

While the companies are mostly unchanged, it’s no longer about internet traffic, or even stock prices. It’s about a mass retreat to good ol' fashioned infrastructure monopolies.

The internet has a new MAAMA— Microsoft, Amazon, Alphabet, Meta and Apple (I’m sorry for the acronym) and they’re here to claim cloud computing for the next quarter century.