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Wall Street doesn't like Amazon any more. (Or Netflix, or Google, or most tech companies.)

Odeslat LehoJ on Zahraničí - Business

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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


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...


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