Tuesday, October 30, 2018

$200 billion of FANG market cap lost in two sessions

F -- Facebook
A -- Amazon
N -- Netfix
G -- Google

As a group, poof, just like that. The combined companies' market capitalization has fallen from a record $2.5 trillion in July to $1.93 trillion on Monday.

.57 trillion here, .57 trillion there, pretty soon you're talking real money.

Details at Reuters.

Did you feel it?

2 comments:

edutcher said...

So people really are bailing on the Lefties.

I love the smell of schaudenfreude in the morning.

AllenS said...

A million here, and a million there, and pretty soon you're talking about a lot of money.