Recent news has highlighted various events involving GAFA, the acronym for Google, Amazon, Facebook, and Apple. Google announced layoffs across several divisions, including central engineering and hardware products like Pixel phones and Fitbit devices. Additionally, Amazon and iRobot decided to terminate a $1.4 billion acquisition deal, with Amazon paying a $94 million termination fee. Hedge funds are reducing exposure to mega-cap tech stocks, particularly Apple, due to concerns about sales and competition in China. Furthermore, Google plans to delete inactive accounts, including Gmail, Photos, and Drive, that have been unused for at least two years, starting from December 1.
GAFA, also known as the Big Four or Tech Giants, are among the largest and most influential companies in the technology industry. Google, founded in 1998, is a dominant player in search engines, advertising, and cloud computing. Amazon, established in 1994, is a global e-commerce and cloud computing giant. Facebook, founded in 2004, is a social media powerhouse with platforms like Facebook, Instagram, and WhatsApp. Apple, dating back to 1976, is renowned for its consumer electronics, software, and services. These companies have revolutionized the tech landscape and have a significant impact on various aspects of daily life, from communication and entertainment to commerce and information access.