LMK what all these new acronyms stand for. TY

Some of these have been around a while and are just ‘hot’ now and others are new, but either way, you probably have heard these terms and may be wondering what they stand for.

Or you are familiar with them, in which case you aren’t reading this and you are out buying more crypto!

SPAC

Special Purpose Acquisition Company that is formed to raise money through an initial public offering to buy another company. At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.

NFT

Non-Fungible Token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable and can be used to represent items such as photos, videos, audio and other types of digital files.

FAMGA

A popular groupings of Big Tech companies. Facebook, Apple, Microsoft,
Google, and Amazon.

FAANG

FAANG is a more consumer-facing grouping of Big Tech companies with Netflix subbing
in for Microsoft. 

ESG

Environmental, Social and Governance is a framework that measures corporations’ positions on issues like human rights, diversity, employee welfare, and climate impacts. Companies can receive an ESG score, but as of yet there aren’t universal ESG standards.

DEI

Diversity, Equity, and Inclusion initiatives foster representation and participation of traditionally underrepresented groups, particularly people with disabilities, members of racial and ethnic minorities, people who identify as LGBTQ+, and women. 

Now you can add these to your repertoire and weave them in when you ask your CFO for the P&L so you can decide on an SBL or the M&A route. Do you have a good acronym-filled sentence? If so, send it to info@localbizsc.com. TIA