After Mark Zuckerberg announced in October last year that Facebook rebranded himself as Meta, American television personality Jim Cramer emerged with a new term to refer to leading American technology companies. He created an acronym, “Mamaa”, referring to Meta, Apple, Microsoft, Amazon and Alphabet, and Google’s parent company.
Business Magnate Uday box interpret acronyms in Desi style, turning it into “Maama (uncle)”.
“The Economist gives a new name to Big 5 Giants Tech, Maama: Microsoft, Apple, Alphabet, Meta, Amazon. Anyone who understands Hindi language everyday knows there are 2 meanings of the word” Maama “. Wonder if there is, relevant Here. Woh Hamare Maama Banenge, Ya Hum Maama Banenge (they became our uncle or we became uncle), “Uday Box, CEO of Mahindra Bank Box, Tweet on Monday.
Cramer has been in 2013 creating a widely used acronym, “Fanang”, which refers to five leading American technology companies: Facebook, Amazon, Apple, Netflix, and Alphabet (formerly known as Google).
While Coing “Mamaa”, he dropped Netflix from the list and replaced it with Microsoft, and Facebook with Meta.
Earlier this month, Apple became the first US company to reach the market value of $ 3 trillion, briefly reached a landmark in the latest demonstration of the technology industry’s surge in.
While the top level of the US stock market was dominated by the Silicon Valley company, Microsoft was the only other American company worth more than $ 2 trillion.
US stocks saw a stable fall last week as investors were shunned by equity amidst the remaining concerns to surge global inflation and the prospect of rising interest rates.
Jeremy Grantham, one of the founders in one of the largest hedging funds in the world of Grantham, Mayo & Van Otterloo, believes that “superbubble” in US equity, housing, bonds, and commodity markets are on the threshold.
Grantham, called Permakear, in the note on January 21, warned that the standard bubble in the US equity market which was seen in 2021 had graduated to “Superbubble”, people as witnessed only in history -1929, 2000, and 2007.
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