GAFA: The meaning of the abbreviation simply explained

On the internet you will come across the abbreviation GAFA more and more often. We explain the meaning of the word in this article. This much in advance: The word is an abbreviation for the biggest companies from Silicon Valley and was invented by the European Union.

GAFA: This is what the abbreviation means

GAFA is an abbreviation for the internet giants from the USA. The term was introduced in politics.

• GAFA is the abbreviation for Google, Apple, Facebook and Amazon. These are the biggest internet companies in the world. All except Amazon come from Silicon Valley in California.

• The word GAFA was introduced by the European Union as a reminder of the power these big companies have. The main issue is financial influence.

• In fact, all four are among the most valuable companies in the world – led by Apple. Their economic output is higher than that of many countries and keeps growing.

• The European Union sees this as a major risk and wants to prevent these corporations from expanding their monopoly even further. They have therefore introduced the term GAFA for easier naming.