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Another technological bubble bursts? Mbadive crash of Facebook, Amazon and Apple stock prices; see in 1 table There was a technological bubble; it broke out in 2000. The recent FAANG stock market crash – Facebook, Amazon, Apple, Netflix and Google (Alphabet) – recalls the bursting of the 2000 bubble, have observed some market watchers. So what's going on? Why do these stocks fall?
First, observe the spectacular collapse of FAANG prices in a single VisualCapitalist chart, shared by Lakshmi Iyer of Kotak Mutual Funds.
Peak (k) of the day [19659004] What goes up must come down again! pic.twitter.com/NBCTe9DsId
– Lakshmi Iyer (@ Lakshmi1876) November 27, 2018
The stock prices of FAANG began to fall at the end of the month of August this year. According to the New York Times, the crash resulted in the loss of $ 822 billion in market value. Stock prices began to fall soon after Amazon and Apple exceeded $ 1 trillion and Alphabet flirted with $ 900 billion.
The total market value of FAANG was $ 3,600 billion. Investor fear has been shaken by slowing global economic growth, unimpressive profits in the past two quarters, and the US government's anticipated regulation of technology companies. In addition to this, the Facebook scandal and the prospects of Apple's iPhone sales have aggravated the setbacks.
Bloomberg announced that the Nomura Global Equity Fund had reduced some US technology stocks due to the excessive rise in valuations.
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