Why there are no FAANG headquarters in Bangladesh
Bangladesh is a very good country, but why there are no FAANG headquarters in Bangladesh? It’s a good question. I’m going to explain it today. Just give me some time.
I’m also going to explain what is FAANG, I know that all of you know that. But, I’m also going to tell you about that for your help. For those people who don’t know what is FAANG.
If you have a lot of questions on your mind like, what is FAANG, what is the importance of FAANG, and the main question why there are no FAANG headquarter in Bangladesh? Then you are going to know the answers.
What is FAANG?
FAANG is the short form of 5 companies name. That’s mean the full form of FAANG is Facebook, Apple, Amazon, Netflix, and Google.
There are a lot more big tech companies in the world. Like Microsoft, Oracle, Twitter, Samsung, Cisco, and many more.
If you say that, what about Alphabet, YouTube, Whats app, Instagram? They are members of the FAANG family. They also have a lot of members, but we are going to talk about the main ones.
Yes, Facebook is under Meta and Google is under Alphabet. But, they are not members of FAANG, right? FAANG is all about Facebook, Apple, Amazon, Netflix, and Google. So, forget about others at this time.
Why FAANG is important in our life?
Every day we need the help of FAANG. Like, you want to share something with your family and friends, you need to use Facebook. Yes, there are a lot of other social media out there, but Facebook is the king of all social media. You want to share something with the world, Facebook can help you in that case. You can advertise your business on Facebook. It’s as simple as drinking a glass of water.
You want to buy an awesome mobile, iPhone is here to give you a great experience. Even Apple can give you all kinds of great devices. Like, iPhone, iPad, MacBook, Apple Watch, AirPods, Apple TV, and many more.
You want to buy something online Amazon is here for you. The most trusted source to buy something online. You can buy anything from your home. Amazon will take the responsibility to give you the product.
It’s time to take a break. You need some entertainment. Netflix is here for you. Watch thousand of movies, tv-series using Netflix.
And last of Google. I think I don’t need to say anything about Google. We use the facility of Google every single hour. Like, you can learn anything by searching it on Google. The most powerful search engine in the world. You can find any question answer on it. Need some free entertainment YouTube is here. Maybe you are using the Chrome browser to read this article. It’s also a facility of Google. You can earn money using Google ads, like me. You can advertise anything on Google (Of course it should be a good thing). You want to send a mail, Gmail is here for you. There are also a lot of facilities of Google out there. I can’t write everything on here.
So, let’s jump to our main question and after that, we are going to talk about others.
Why there are no FAANG headquarters in Bangladesh?
There are a lot of reasons that there are no FAANG headquarters in Bangladesh. I can’t discuss all of them here. But, let’s discuss some of them.
Disclaimer: Those reasons are collected from some trusted websites and resources
1. No need
The main reason is there is no need for a headquarter in Bangladesh. But why?
First, think about other countries. Countries like Iceland, Finland, Pakistan, Nepal, Peru, New Zealand, and many more also don’t have any FAANG headquarters. It’s going very well without any headquarters.
I know that you can’t expect this kind of answer. But it’s true.
Maybe, if they make a headquarter in Bangladesh, it will be a waste of money and it will be also harmful to them. India has 4 Google headquarter, 5 Facebook headquarter, 1 Netflix headquarter. Because India is a very big country. There are a lot of users for them. So, it’s quite natural that India has a lot of headquarters.
Read More: Why there is no Google Headquarters in Bangladesh
Like if they have a large number of users from our country, they may make a headquarter in Bangladesh also. But, it’s not possible at this time.
The population of Bangladesh is 164.7 million and the population of India is 1.38 billion.
2. Kolkata vs Bangladesh
There is a high chance that they will do something for Bengali people. And that for Kolkatans are also Bengali. For that, there is a high chance that they can make a headquarter in Kolkata for Bangladesh and Kolkata.
3. Other countries
It’s not that, there are no headquarter is only Bangladesh. There are also a lot of countries that also don’t have any FAANG headquarter. So, it’s quite natural that we have to wait a long time for that.
4. Money and reason
Creating a headquarter is not easy at all. It’s also hard for big companies. They need a lot of money for that. And business is not run like that. They have to make a proper plan and they need a good budget for that.
And if they create headquarter without any reason, it will be harmful to them.
5. Employee
If any big companies create a headquarter in Bangladesh, they also need genius Bangladeshi employees. But, now we don’t even have enough people for our country. We need a lot of programmers, software developers, businessmen for our country.
So, those are some main reasons for your question. If you have any more answers you can help us to know that by commenting on your answer.
Why it’s important for Bangladesh
It’s very much important for Bangladesh. There are a lot of benefits for us. Let me tell you some of them.
Read More: Best Online News Portals in Bangladesh
It will help our students a lot. Our countries software developers or programmers or any kind of persons don’t need to leave Bangladesh. They can work on their dream job by staying in Bangladesh.
FAANG Net Worth
I can’t tell the net worth of FAANG. Because FAANG is all about 5 individual companies. So, I have to say that individually.
Facebook Net Worth
Net Worth 2022 | $545 Billion |
Revenue | $112.32 billion (2021) |
Operating income | $38.15 billion (2021) |
Net Income | $33.74 billion (2021) |
Total Assets | $163.52 billion (2021) |
Total Equity | $133.57 billion (2021) |
Owner | Mark Zuckerberg |
Number of Employees | 52,535 (June 30, 2020) |
Brands | Facebook, Instagram, Messenger, WhatsApp, Oculus VR |
Apple Net Worth
Net Worth 2022 | $2660 Billion ($2.660 trillion) |
Total assets | $329 Billion |
Net income 2021 | $94,680 Billion |
Founder | Steve Jobs, Steve Wozniak, Ronald Wayne |
CEO | Tim Cook |
Founded | 1 April 1976, Los Altos, California, United States |
Amazon Net Worth
Net Worth | 2022 $1705 Billion ($1.7 trillion) |
Total assets | $323 Billion |
Net income 2021 | $26,263 Billion |
Founder | Jeff Bezos |
CEO | Andy Jassy |
Founded | 5 July 1994, Bellevue, Washington, United States |
Number of Employees | 1,335,000 |
Netflix Net Worth
Net Worth 2022 | $151.72 Billion |
Total Assets (2021) | $44.59 billion |
Founders | Reed Hastings and Marc Randolph |
CEO | Reed Hastings and Ted Saranos |
Google Net Worth
Net Worth 2022 | $1745 Billion |
Total assets | $327 Billion |
Net income | $51,363 Million |
Revenue | $239 Billion |
Founders | Larry Page, Sergey Brin |
CEO | Sundar Pichai |
Note: All data are collected from caknowledge.com and other websites.
FAANG Stock
FAANG Stock
Like the net worth, I can’t tell you what is the stock price of FAANG. I have to give you the information individually. At this moment Facebook’s stock price is $190.29, Apple’s stock price is $157.44, Amazon’s stock price is $2,720.29, Netflix’s stock price is $341.46 and Google’s stock price is $2,542.09.
This price is not going to same all time. It will change and you can check out it on Google. But, I can say one thing that, it’s a good idea to buy FAANG stock (Those companies’ stock).
I hope you got your answer. Our country is now Digital Bangladesh. If we try we can make our country much better. It’s just on to us. We can make great companies in our country. All we have to do is, we have to believe in ourselves.
To the techview71.com webmaster, Thanks for the well-structured and well-presented post!