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I think FAANG is more often used as a career benchmark, i.e. working at Netflix looks good on your resume and pays well.

It's just because FANG (don't think Apple was originally part of it) was a list of fast-growing stocks, coined by none another than Mad Moneyman Jim Cramer

https://en.wikipedia.org/wiki/Big_Tech#FAANG

Quite honestly that term in both stock and big tech senses is outdated. It should really include a few post-unicorn giants like Uber nowadays.

I’ve seen FAANGMULASS a couple of times.

GAFAM should now be replaced by MAGMA. It better represents the evil that will burn you alive.

it's really FAAMG in the US too, the people who coined the phrase were confused.

opinions here seem to vary based on where on the west coast the speaker lives

i live in silicon valley, but dude, it's FAAMG. Netflix is just a player in a much larger world.