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It makes no sense to use FAANG in this context.

It's the cloud providers that are the target of the license, specifically AWS.

One of the "A"s in "FAANG" is the same "A" in "AWS", so it does indeed make some sense.

And Google (GCP).

But not Microsoft, to which Google is a distant third place as far as the cloud goes.

Plus, isn't it MAANA now? (Meta and Alphabet)