Posted on 11/20/2018 7:36:38 AM PST by Red Badger
The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — all fell in Tuesday trading.
The five "FAANG" stocks have collectively lost more than $1 trillion in market value from recent highs through Tuesday's early trading.
The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — all fell again on Tuesday. Amazon, Apple and Netflix led the group's losses, each falling more than 3 percent.
Combined market capitalization losses since their 52-week highs hit $1.02 trillion on Tuesday:
Facebook: $253 billion Amazon: $280 billion Apple: $253 billion Netflix: $67 billion Alphabet: $164 billion
The five tech growth stocks, which were the favorite investments for the past decade, each closed in a bear market on Monday. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high.
(Excerpt) Read more at cnbc.com ...
These crap stocks were/still are so grossly overvalued it’s not funny. It’s very much like the dotcom bubble with these and a few others.
That said, the value side of the equation and many global markets are quite undervalued and or cheap by valuation.
Watch Fakebook crash and burn!!!
Facebook is in real trouble. Their COO and Tech Officer are really on the hot seat. Now they are calling for Z man to vacate his CEO position.
Google, Apple and Amazon don’t worry me in the least. They were overpriced but they are solid companies.
Netflix and Facebook are fads. And the latter has no emerging audience. My oldest (21) used FB regularly when he was in High School. He’s done with it and the next generation hasn’t emerged. My younger kids are all about SnapChat. They don’t even HAVE FB accounts.
That is FB’s bigger issue. If they didn’t own Instagram, they’d be in even worse shape.
Hpyed up overvalued stocks do have big losses from time to time. Apple has been a “sell” in my mind for some time.
Haven’t been able to get on FB this morning.
I figure maybe 30%, or higher, of Facebook users actually use it on a regular basis. I’ve looked up a lot of people from my past that haven’t posted in months and sometimes years.
Seriously! As asset-poor a set of companies as likely have ever been traded. If they filed bankruptcy you’d be lucky to get half a penny on your dollar.
SnapChat is already done. Use is down 33% and the Snap stock has plummeted 200% this year and 400% from it’s all time high.
> Haven’t been able to get on FB this morning. <
Same here. And I thought it was just me, seeing as three years ago I posted something bad about Hillary on FB.
Both of them are well diversified and have solid market share in their areas. Apple is a juggernaut with the highest margins on smartphones in the industry, by far. Amazon now has 60%+ of online retail and is very profitable with its web services (AWS).
I think Google is solid for a while.
Facebook and Netflix are very vulnerable. Facebook is no longer "cool" and quickly being known as the "old ladies with cat pictures" site. Netflix has a lot of competition in their space including YouTube, which is basically free if you can stand a commercial or two. Both these companies could go the way of MySpace and Blockbuster in the blink of an eye.
With pleasure.....................
Regarding NetFlix........ There is a war in process as the cable industry spoils are being gobbled up. Every body and their brother is attempting to move to the internet. Fox News is now in the process. Everyway of monetizing the move is being tried.
I liken it to the old days when there were tons of computer manufacturers and you argued with your friends over which was best.
Netflix has lots of customers for what is without doubt the best device. There is an attempt to vastly broaden the customer base by taking on international programming and customers.
I think there will be many that die by the wayside before NetFlix is gone
Those FAANG stocks were Y-U-G-E-L-Y overvalued to begin with. They’ll recover, no doubt.
I’m hoping so.
I want to see F*ckerTurd living in a refrigerator crate in a slum. I hate, loathe and despise that scumbag punk.
Amazon ain’t going anywhere soon.
I think a strong case can be made that these firms were designed and intended to destroy capitalism more than anything. They in many cases are the exact image of monopolies purely designed to gather market share, little or no profits, destroy competition and enrich bankers/executives and political parties that run cover for them.
But hey, we’re at least seeing a President threaten and wag his finger at them now.
Folks should realize that GE has declined from about 100 to 8 since 1999. And GE had at least a viable asset based company... Back in 99, folks thought GE, C, MSFT were completely infallible. While the latter has recovered and moved on, C is about 15 cents on the dollar while GE is at 8 cents on the dollar.
Trouble is, for many investors they don’t even know they own these FANG stocks. They are the top holdings of their “SP500 index fund” and no doubt top ten holdings in a majority of large cap mutual funds.
I’m not very good at math perhaps... But how does something go down more than 100%?
Apple admitted to sabotaging customer phones to shorten battery life. That in itself should bankrupt the company.
Imagine if any other company admitted to intentionally sabotage of their product that may have an effect on your personal safety or well being? This should be a Lawyers dream come true.
“Those FAANG stocks were Y-U-G-E-L-Y overvalued to begin with. They’ll recover, no doubt.”
meaning what? that they’ll go back to being Y-U-G-E-L-Y overvalued again?
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