Call me conservative, but FAANG stocks (or should I say MANGA or MAMAA stocks now that Facebook has changed its name to Meta) are among my favourites. FAANG stands for Facebook, Apple, Amazon, Netflix, and Google. These are large-cap corporations with a proven track record and positive cash flow. Today, we’ll talk about one of them: Google (aka Alphabet).
Given the dominance of its search engine, the word Google is now a verb in the English dictionary to describe the action of searching the internet for information. How many companies are there with such dominance?
The company currently has a market share of 91.4% of the global search engine market. Even its next closest competition, Bing, which Microsoft owns, is far behind with only 3.14% of the market. In fact, for the past ten years, this number hasn’t changed much, demonstrating how strong of a moat Google has.
Google’s Search Engine Market Share 2021. Source: statcounter...