Sorry, not to distract from your point, but I haven't ever seen this abbreviation and my search engine isn't pulling up much. What is FAANGMULA? I am guessing it is Facebook(now Meta), Amazon, Apple, Netflix, Google(now Alphabet), Microsoft, Ubisoft?, L?, Alibaba?.
Edit: found a source that says: Facebook Apple Amazon Netlfix Google Microsoft Uber Lyft Airbnb