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02-23-2016, 12:41 AM
Wall Street doesn't like Amazon any more. (Or Netflix, or Google, or most tech companies.)
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The tech reckoning might be on its way.
Stocks for the big internet companies have fallen 11% year to date, dropping more substantially than the rest of the stock market, per a Goldman Sachs report.*
SEE ALSO:*Tech FANGs — Facebook, Apple, Netflix and Google — are worrying about the stock market (http://mashable.com/2016/01/10/silicon-valley-stock-market/#0d30cjLxb8q5?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
The biggest contributors, according to Goldman, to the downswing are LinkedIn (down a whopping 49%), Netflix (down 22%), Amazon (down 21%), eBay (down 13%), and Alphabet (down 7%).
And things could have been even worse.
FANG — Facebook, Amazon, Netflix, and Alphabet (nee Google), the group of the best-performing tech stocks (http://mashable.com/2016/01/10/silicon-valley-stock-market/) — outperformed, thanks to the share price of its crown jewel Facebook, which stayed flat while its colleagues faltered. Read more... (http://mashable.com/2016/02/22/goldman-sachs-1/)
More about Unicorns (http://mashable.com/category/unicorns/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stock Market (http://mashable.com/category/stock-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Wall Street (http://mashable.com/category/wall-street/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/ZYjpvEObqXo
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The tech reckoning might be on its way.
Stocks for the big internet companies have fallen 11% year to date, dropping more substantially than the rest of the stock market, per a Goldman Sachs report.*
SEE ALSO:*Tech FANGs — Facebook, Apple, Netflix and Google — are worrying about the stock market (http://mashable.com/2016/01/10/silicon-valley-stock-market/#0d30cjLxb8q5?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
The biggest contributors, according to Goldman, to the downswing are LinkedIn (down a whopping 49%), Netflix (down 22%), Amazon (down 21%), eBay (down 13%), and Alphabet (down 7%).
And things could have been even worse.
FANG — Facebook, Amazon, Netflix, and Alphabet (nee Google), the group of the best-performing tech stocks (http://mashable.com/2016/01/10/silicon-valley-stock-market/) — outperformed, thanks to the share price of its crown jewel Facebook, which stayed flat while its colleagues faltered. Read more... (http://mashable.com/2016/02/22/goldman-sachs-1/)
More about Unicorns (http://mashable.com/category/unicorns/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stock Market (http://mashable.com/category/stock-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Wall Street (http://mashable.com/category/wall-street/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/ZYjpvEObqXo