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FAANG

A Frightful Fall for FAANG Investors

Things went from bad to worse for FAANG shareholders on Monday, as share prices of Facebook, Amazon, Apple, Netflix and Google dropped by another 4 to 6 percent in what shapes up to be a terrible fall for America’s tech heavyweights.

Since the beginning of September, every one of the FAANG group has suffered significant losses in market cap, with Amazon hit particularly hard. After the-commerce giant briefly reached a valuation of $1 trillion on September 4, things quickly went downhill. The company is currently valued at $736 billion, more than $250 billion off its peak valuation.

Looking at the entire year paints a slightly more positive picture for FAANG companies and their investors, as the following chart shows. Except for Facebook, all of them have gained enough through the first seven months of the year to offset the recent losses.

Description

This chart shows the change in share prices of selected U.S. tech companies in 2018.

Global Amazon Prime Day shopping volume 2018-2026
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Purchase intent of Amazon Prime Day shoppers in the U.S. 2026
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ChatGPT vs. Amazon Rufus use on Prime Day in the United States 2026
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Amazon monthly share price on the Nasdaq stock exchange 2010-2026
Quarterly global net revenue of Amazon 2017-2026, by product group
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Amazon physical store sales worldwide Q4 2019-Q1 2026

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