This is an arrow function. Arrow functions are a short syntax, introduced by ECMAscript 6, that can be used similarly to the way you would use function expressions. In other words, you can often use them in place of expressions like function (foo) {...}. But they have some important differences. For example, they do not bind their own values of this .
Arrow functions are part of the ECMAscript 6 specification. They are not yet supported in all browsers, but they are partially or fully supported in Node v. 4.0+ and in most modern browsers in use as of 2018. (I’ve included a partial list of supporting browsers below).
An arrow function expression (also known as fat arrow function) has a shorter syntax compared to function expressions and lexically binds the this value (does not bind its own this, arguments, super, or new.target). Arrow functions are always anonymous. These function expressions are best suited for non-method functions and they can not be used as constructors.
A Note on How this Works in Arrow Functions
One of the most handy features of an arrow function is buried in the text above:
An arrow function... lexically binds the this value (does not bind its own this...)
What this means in simpler terms is that the arrow function retains the this value from its context and does not have its own this. A traditional function may bind its own this value, depending on how it is defined and called. This can require lots of gymnastics like self = this;, etc., to access or manipulate this from one function inside another function.