Is that with Netflix swapped with Microsoft? If that's the case, we might as well change the entire acronym to GAMMA to account for the Facebook -> Meta rename.
No. FAANG is basically an eponym at this point. The companies that make up the acronym are irrelevant and they'll change overtime but the idea doesn't.
"FAANG is an acronym for the five best-performing American tech stocks in the market"
Netflix never deserved to be in the same sentence as Facebook, Amazon, Apple, Microsoft and Google. Their market influence and market cap were never in the same realm.
Is that with Netflix swapped with Microsoft? If that's the case, we might as well change the entire acronym to GAMMA to account for the Facebook -> Meta rename.