Not a good fall for FAANG investors
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Published on: November 21, 2018 / Update from: November 21, 2018 - Author: Konrad Wolfenstein
Things are not going well on the stock exchange for FAANG in 2018. This acronym covers Facebook, Amazon, Apple, Netflix and Google. What they all have in common is that their stocks plummeted between September and November. Amazon (-20 percent) and Netflix (-19 percent) were hit the worst. Overall, the losses pulverized stock market values amounting to a trillion US dollars. The price slide not only affects FAANG, but also has an impact on the tech sector The German stock index and other leading indices have recently fallen noticeably. Analysts see, among other things, a ripple effect caused by tech companies at work.
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