Not really related to selfhosting per se, but two things come to my mind:
Yes, I think that’s the consensus on how to pronounce it.
In case anyone has never heard the acronym: it stands for what you see is what you get. As opposed to what you see is what you mean (e. g. TeX)
Wasn’t there an announcement from proton a few days back to possibly move their data Centers out of Switzerland because of this?