Stock market meltdowns have FAANGs looking increasingly toothless | Curio

Stock market meltdowns have FAANGs looking increasingly toothless

6 mins | May 4, 2022

Tech stop drop casts doubt over Big Tech companies. The power of Facebook, Amazon, Apple, Netflix, and Google (known as FAANG) has seen rapid growth, dominated the markets and made vast sums of money for their shareholders. However, Facebook’s meltdown and Netflix’s customer losses suggest that their days of unparalleled success may be over. Jean Wittenstein reveals why this means that investors are rethinking a tech-heavy growth strategy that’s served them for the better part of a decade.

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From Bloomberg Businessweek

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