The handful of tech giants represented in the “FANG” index (Facebook, Amazon, Netflix, Google and friends) rose in price by nearly 13 times since January 2013, while the S&P 500 rose only 2.8 times. They earn only 0.7% of the S&P 500’s total revenue, but account for 12.2% of its market capitalization. This remarkable divergence […]
Tag: FANG
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De-fanged market does just fine
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