April 10, 2018
Buffeted by concerns over Facebook’s data policies, and President Trump’s obsession with Amazon, the so-called “FAANG” stocks (Facebook, Amazon, Apple, Netflix and Google (now Alphabet)) have lost a collective $400 billion in market capitalization since March 12th.
Maybe it’s a long-overdue correction. Maybe it’s a sign of some darker economic days ahead.
In any event, that’s a lot of scratch.