Medha Singh and Ambar Warsrick

(Reuters) – MAANG MANGA? Oder MAMATA?

Facebook’s (NASDAQ) rebranding as Meta Platforms has prompted a search to find a name for high-flying FAANG (NASDAQ), which also includes Alphabet (NASDAQ), Amazon.com, Netflix (NASDAQ), and Alphabet.

Facebook on Thursday announced it is now called Meta Platforms https://www.reuters.com/technology/facebooks-zuckerberg-kicks-off-its-virtual-reality-event-with-metaverse-vision-2021-10-28 as the social media company shifts to building the ambitious “metaverse”, a shared virtual environment. After a negative whistleblower’s report, and after criticism by lawmakers and regulators about its market power, the name change was made.

The most popular suggestion on Twitter (NYSE:) for the tech-related heavyweight group was MAANG https://twitter.com/AshishB1603/status/1453990861851615232 — where FAANG’s “F” is replaced with “M”. Some users also rearranged the letters to MANGA https://twitter.com/LifeProgressYT/status/1453978060613509128, referring to Japanese comic books.

The combined market capitalization for the elite FAANG stocks is approximately $7.416 trillion, an increase of $5.8 trillion in last year.

A number of Twitter users proposed that the group should be restructured in order to include more people. Microsoft Corp (NASDAQ:) – This company is challenging Apple to be the U.S.’s most valued listed company – along with Tesla (NASDAQ;) Inc., who joined the elite trillion dollar market value club this week.

With the reshuffle, some users came up with MAMATA https://twitter.com/blitzkreigm/status/1453914779039383553 – that would drop Netflix, which has the smallest market cap compared with the rest of the group at $299 billion, and use an “A” for Alphabet, whose search engine Google gave the FAANGs their “G”.

MAMATA is a grouping that includes Microsoft, Apple Meta and Amazon. It has an estimated market cap of $10 trillion. These companies make up nearly 25% of the weight of the’s, as opposed to the 20% legacy FAANG group.

“These few stocks (FAANGs) have ruled for quite a while and it may just be with the start of taper rates slowly rising, inflation…that these tech long-duration assets may become less value,” stated Tom Hayes managing member of Great Hill Capital in New York.

Meta Platforms’ shares rose around 2% in the early trading. On Dec. 1, MVRS will become a ticker.