Netflix has never been an aspirational overlord type company like the others.
Even though Microsoft is no longer at its peak, its dual presence via OS and cloud keep it in sustainable wannabe overlord position.
They still have a tight stranglehold on desktop computing.
As far as acronyms, I like FAAAM (replace Google with Alphabet).
But their #1 stranglehold position in tech went bye bye when they dropped the ball in the OS area by whiffing fantastically several times as mobile rose to dominance.
In cloud they are significant, just not dominant either.
But as a cash cow they are still a king.
A business willingly choosing to make less money and get out competed by competitors? Why did they then attempt to create a windows phone then pull it after failure?
These were colossal failures. The fact that they were such a cash generating machine doesn’t imply that they didn’t lose out on being a much bigger business.
They didn’t step back from mobile prominence, they stepped back from repeated mobile failures, licked their wounds, and refocused on other areas because they had lost their chance.
And they knew it.
Of course, every day is a new opportunity. Microsoft seems to be far better managed now.