FAANG is Dead… Meet the “Magnificent Seven” 🚀

What we’re showing

This graphic highlights the “Magnificent Seven”, a group of seven megacap stocks that replace the previous FAANG group: Facebook (now Meta), Apple, Amazon, Netflix, and Google.

Context

A common theme among the Magnificent Seven is their ability to collect vast amounts of customer data, as well as harness the power of AI.

I don’t want to play with you anymore

Netflix is not included in this new group after it had a horrendous 2022, when the company reported it had lost 200,000 subscribers in Q1.

Now that Netflix is back on track—recently announcing its new ad-supported membership tier has 15M subscribers—could we soon see a “Magnificent 8”?