(Original Title: Trump redefines MAGA as he boasts about the stock market ’s ‘Trillion $ Club’)

Photo: U.S. President Donald Trump praises the four largest tech companies with a market value of $ 1 trillion and calls them "Maga Clubs"

Netease Technology News on February 12, according to foreign media reports, US President Donald Trump has praised four large technology companies including Microsoft, Apple, Google and Amazon, calling them "Maga Club ". These company acronyms are Maga (Microsoft, Apple, Google, Amazon), and their market capitalization is more than $ 1 trillion. The term "Maga" originated from Trump's campaign slogan, "Make America Great Again."

Trump said: "In 144 days, we have set a new record in the stock market, giving birth to 4 companies with market capitalizations of more than one trillion US dollars, including Apple, Amazon, Google and Microsoft. We now have Maga, which is one trillion US dollars Club. "On Wall Street, the term" Maga "is also used to refer to the type of stock that leads the market higher. So far this year alone, they have added a total of $ 520 billion in market capitalization.

Technically, the "G" representing Google in Trump's "Maga Club" should be replaced by the "A" in its parent company Alphabet, but Alphabet's stock code is GOOGL, so Wall Street is used to referring to Google. In FAANG, which represents Facebook, Apple, Amazon, Netflix, and Google, G is used to refer to Alphabet.

Facebook and Netflix failed to enter Trump's trillion-dollar club, and they still have a long way to go. Facebook's market cap is only $ 591 billion, while Netflix's market cap is only $ 164 billion. Compared to them, Microsoft, Amazon, Alphabet, and Apple have performed extremely well in the stock market this year, creating about 67% of the S & P 500's year-to-date returns.

Trump often credits himself with rising stock markets. The stock market is currently experiencing the longest bull market in history, beginning in 2009, the term of former President Barack Obama, and continuing during Trump's term.

The Trump administration's relationships with several large tech companies can sometimes be tense. Just a few hours before he made the remarks, the US Federal Trade Commission (FTC) announced that it would review previous acquisitions of the four companies and asked them to provide information on acquisitions from early 2010 to the end of 2019. (Little)

Source: Netease Technology Report, translated by Google Translate

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