Honestly I always assumed Netflix was added because "fang" sounds nice and apropos, but if you remove the N then it's a very different word that's not nice at all.
But there's a million acronyms that could be made by popping some good tech companies in and pushing out less nice-looking initials out. Why did FAANG catch on and not GAMMA, SLAAP, STINT, etc.?
I think it's partially your reason, partially something else.
I think it's partially your reason, partially something else.