FB, Amazon, Netflix, Alphabet lose $200 bn value in 2 days
Facebook, Amazon, Netflix and Google parent Alphabet (FANG stocks) lost a combined $200 billion in market capitalisation in two sessions. The combined market value of the companies has fallen from a record $2.5 trillion in July to $1.93 trillion on Monday. Amazon's shares have fallen 14% in the last two sessions after its quarterly results missed analysts' expectations.