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
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 — outperformed, thanks to the share price of its crown jewel Facebook, which stayed flat while its colleagues faltered. Read more...
More about Unicorns, Facebook, Stock Market, Wall Street, and Google