2018 was a bad year for FAANG on the stock market. This acronym stands for Facebook, Amazon, Apple, Netflix, and Google. They all had one thing in common: their shares plummeted between September and November. Amazon (-20 percent) and Netflix (-19 percent) were hit the hardest. In total, the losses wiped out a trillion US dollars in market capitalization. But the price slump didn't just affect FAANG; it also had repercussions beyond the tech sector. The German stock index and other leading indices declined noticeably recently. Analysts see this as being due, among other things, to a spillover effect caused by the tech companies.
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