Big-tech FAANGs keynote market drop: $140 billion

Big-tech FAANGs keynote market drop: $140 billion
Facebook's Mark Zuckerberg (L) and Google's Sundar Pichai (R). (Images: Zuckerberg, Facebook. Pichai, YouTube)

[Ed. – Don’t forget how Soros circles his prey.  The ups and downs of the socials and big-data market dominators are his bread and butter.]

The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily.

In total, the so-called FAANG stocks — FacebookAmazonAppleNetflix and Alphabet-owned Google — shed more than $140 billion in market value by the end of the trading Tuesday.

Here’s how it shook out:

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    Facebook fell 2.2 percent, losing $7.6 billion in implied market value

  • Amazon fell 5.9 percent, losing $50.8 billion in implied market value

  • Apple fell 4.4 percent, losing $38.5 billion in implied market value

  • Netflix fell 5.2 percent, losing $6.5 billion in implied market value

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