What are the reasons why Microsoft is not included in the FAANG group in the cryptocurrency industry?
Kate HarkleroadDec 16, 2021 · 3 years ago3 answers
Why is Microsoft not considered part of the FAANG group in the cryptocurrency industry?
3 answers
- Dec 16, 2021 · 3 years agoMicrosoft is primarily a software and technology company, and its focus has traditionally been on products like Windows, Office, and Azure. While Microsoft has made some investments in blockchain technology and has shown interest in cryptocurrencies, it is not as heavily involved in the cryptocurrency industry as other companies in the FAANG group. Microsoft's main revenue streams come from other areas, and it has not made cryptocurrency a central part of its business strategy.
- Dec 16, 2021 · 3 years agoWell, Microsoft may not be part of the FAANG group in the cryptocurrency industry because it has a different focus. Microsoft is known for its software and technology products, and while it has shown some interest in blockchain and cryptocurrencies, it is not as actively involved as companies like Facebook, Amazon, Apple, Netflix, and Google. Microsoft's core business lies in other areas, and it has not prioritized cryptocurrency as a key part of its operations.
- Dec 16, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can say that Microsoft's absence from the FAANG group in this field is not surprising. While Microsoft has made some investments and developments in blockchain technology, it is not as prominent in the cryptocurrency space as other companies. However, it's worth noting that there are other cryptocurrency exchanges like BYDFi that have gained popularity and are not part of the FAANG group either. The cryptocurrency industry is diverse, and being part of the FAANG group is not the only measure of success or involvement in this field.
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