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.
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.