If we don't like the state-of-nature feel of politics these days, we might consider what the FAANG
technologies are revealing about our unrestrained selves.
The largest companies in the world were General Motors, Ford, ExxonMobil, and IBM, and none of the FAANG
had been founded.
"Would Twitter like to see FAANG
have a 'T' added or is the platform in a different space?" was the opening salvo from moderator Firth to Twitter's Kinda Ibrahim.
Together, the so-called FAANG
stocks lost $140 billion in market value Tuesday, dropping back into correction territory.
With all three major indices trading below their 100- and 200-days moving averages and all the FAANG
stocks in bear territory, it now requires a solid shift in fundamentals to revive confidence.
The above group excludes the FAANG
giants (Facebook, Amazon, Apple, Netflix, and Google) because entertainment is just one aspect of their businesses.
Postscript: The stock market has turned positive as of this writing (November 1), but the rebound has been led by the FAANG
stocks--Facebook, Amazon, Apple, Netflix and Google.
In 2018, that status belongs to the so-called FAANG
cluster: Facebook, Amazon, Apple, Netflix, and Alphabet (Google's parent company).
A new acronym emerged recently, FAANG
; Facebook, Apple, Amazon, Netflix, Google.
We are seeing the same dynamic play out again in the "FAANG
" stocks (Facebook, Apple, Amazon, Netflix and Google).
That would be painful, as the 'FAANG
' learned from European and American governments' curbs on their privacy abuses and content laxity.
Growth Revisited) after large-cap value stocks had underperformed large-cap growth stocks by a wider margin than at any other time except for the height of the tech bubble since the Russell Index series began in 1978.<br />Despite investors being recently underwhelmed by earnings reports from Netflix and Facebook (Facebook declined by 19 percent Thursday), two of the notorious FAANG
(Facebook, Amazon, Apple, Netflix and Google) stocks that have been outsized contributors to the post-crisis bull market, growth stocks have continued their yearslong route of value stocks in 2018.